Company Profile
Teekay Tankers Ltd. is a Marshall Islands corporation recently formed by Teekay Corporation to provide international marine transportation of crude oil. Teekay Tankers Ltd. owns a fleet of nine double-hull Aframax-class oil tankers, which an affiliate of Teekay Corporation manages under a mix of spot-market trading and short- or medium-term fixed-rate time-charter contracts. In addition, Teekay Corporation will offer to Teekay Tankers Ltd. within eighteen months of the initial public offering the opportunity to purchase up to four Suezmax-class oil tankers. Teekay Tankers Ltd. intends to distribute on a quarterly basis all of its cash available for distribution, subject to any reserves established by its board of directors.
TEEKAY TANKERS
Key Information
| Sector: |
Transportation |
| Industry: |
TRANSPORTATION |
| Analysts |
5 |
| Fiscal Year End: |
December |
| Next Reported Fiscal Year: |
2008 |
| Last Reported Quarter: |
6/30/2009 |
Competitors
SIC Code: 4499
| Ticker |
Company Name |
| TK |
TEEKAY CORP |
| ANW |
AEGEAN MARINE |
| FRO |
FRONTLINE LTD |
| ALEX |
ALEX & BALDWIN |
| OSG |
OVERSEAS SHIPHO |
| TDW |
TIDEWATER INC |
| KEX |
KIRBY CORP |