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Teekay Tankers Ltd. (NYSE:TNK)
Contact Information
Teekay Tankers Ltd.
4th Fl., Belvedere Bldg., 69 Pitts Bay Rd.
Hamilton HM 08, Bermuda
Tel. 441-298-2530
Fax 441-292-3931

Type: Public
On the web: http://www.teekaytankers.com
Employees: 545
Employee growth: 2.8%

Teekay Tankers owns and manages a fleet of about 14 double-hull tankers, which it charters to such customers as SPT (Skaugen PetroTrans) and Valero for use in seaborne transportation of crude oil. Teekay Tankers' fleet has an overall capacity of about 2 million deadweight tons (DWT). The company generates revenue by selling both short-term voyage charters and longer-term time charters. Teekay Corporation, a leading marine transporter of petroleum products, retains a 42% interest in Teekay Tankers, which it spun off in 2007. A Teekay Corporation subsidiary manages the Teekay Tankers fleet.

Key numbers for fiscal year ending December, 2010:
Sales: $139.5M
One year growth: 23.1%
Net income: $16.3M
Income growth: (58.1%)

Officers:
CEO: Bruce Chan
CFO: Deep Sea Freight Transportation

Competitors:
BP Shipping
General Maritime
MISC