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Blue Chip Growth

Stock Report: Teekay Tankers Ltd. Class A (TNK) Report Updated: Aug 22, 2016 | Print This Page

Teekay Tankers Ltd. Class A© quotemedia

Company Profile

Teekay Tankers Ltd. is engaged in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. As of August 18, 2015, it owned a fleet of 44 double-hull tankers, including 22 Suezmax tankers, 12 Aframax tankers, 7 LR2 product tankers, and 3 Medium-Range (MR) product tankers, as well as 11 time charter-in tankers. The company’s vessels are employed through a mix of short- or medium-term fixed-rate time charter contracts and spot tanker market trading. It also owns a very large crude carrier (VLCC) through a 50 percent-owned joint venture. Teekay Tankers Ltd. was founded in 2007 and is headquartered in Hamilton, Bermuda.