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, double-hull Suezmax tankers, product 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 pays an annualized dividend of $0.12 per share, paid quarterly.
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 |
| 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 |
13 Aframaxes
10 Suezmaxes
6 Product Tankers
1 VLCC* |
| Products Shipped/Stored |
Crude oil |
*newbuilding owned through a 50/50 joint venture, scheduled for delivery in 2013