Stock Data
$0.10 (0.11%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
ENERGY
Industry
OIL & GAS MIDSTREAM
Teekay Tankers Ltd., based in Hamilton, Bermuda, specializes in marine transportation for the oil industry worldwide. The company operates a fleet that includes double-hulled oil and product tankers, providing a range of services such as voyage and time chartering, offshore ship-to-ship transfers, and tanker management. With a focus on crude oil, refined products, liquid gases, and more, Teekay Tankers is a key player in the maritime logistics sector, ensuring the efficient and safe transportation of commodities. Founded in 2007, it continues to support global trade and energy markets.
Suezmax crude tankers fetched $109,171 per day in Q2 as the Strait of Hormuz closure forced Asian refiners into long-haul Atlantic trades, sending Teekay's revenue up 31% above consensus and EPS to $6.47, a 17% beat.
Teekay Tankers posted its best quarter ever with record spot tanker rates and a 30% revenue beat as the effective closure of the Strait of Hormuz forced Asian refiners to source crude from the Atlantic, stretching global shipping capacity to its limits.
1 Article
No articles found for Teekay Tankers.
Our top personal finance-related articles today. Your wallet will thank you later.
