Teekay Corp

Teekay Corporation Ltd. is a Bermuda-incorporated international crude oil and petroleum product tanker company that operates through its publicly traded subsidiary Teekay Tankers Ltd. (NYSE: TNK). The company's fleet includes Suezmax, Aframax, LR2, and VLCC tankers employed on voyage charters, time charters, and bareboat charters. Teekay also provides ship-to-ship (STS) support services, including managing cargo transfers between vessels, and operational and maintenance marine services to the Australian government, Australian energy companies, and other third parties through its Australian operations. The company operates in two segments: Tankers and Marine Services and Other. Teekay maintains a 50% economic interest in a joint venture with Wah Kwong Maritime Transport Holdings Limited, though this venture is being wound down. The company actively manages its fleet through vessel acquisitions and dispositions, including newbuilding orders at South Korean shipyards. Updated Jul 31, 2026