Teekay Tankers Ltd. was
formed in December 2007 by Teekay Corporation (NYSE: TK) as part of its strategy to expand its conventional oil tanker business. Teekay Tankers currently owns a fleet of double-hull Aframax tankers and double-hull Suezmax tankers and one VLCC*, which an affiliate of Teekay Corporation manages through a mix of short- or medium-term fixed-rate time-charter contracts and spot tanker market trading. Teekay Tankers 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’ common stock trades on the New York Stock Exchange under the symbol “TNK”.
Quick facts
Financial
| Founded |
2007 |
| Corporate Head Office |
Bermuda |
| Country of Incorporation |
Marshall Islands |
| IPO |
December 12, 2007 |
| Listed |
NYSE |
| Symbol |
TNK |
| Recent Dividend |
$0.15 per share, payable on November 28, 2011 |
| Stock Transfer Agent |
BYN Mellon, 1 866 230 2915, +1 201 680 6685 (Outside U.S.) |
Corporate
| Chairman |
C. Sean Day |
| CEO |
Bruce Chan |
| Fleet |
9 Aframaxes
6 Suezmaxes
1 VLCC* |
| Products Shipped/Stored |
Crude oil |
*newbuilding owned through a 50/50 joint venture, scheduled for delivery in 2013