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Teekay Tankers Ltd. (Marshall Islands)

Main Activities: Deep Sea Freight Transportation
Full name: Teekay Tankers Ltd. Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company is mainly engaged in the international marine transportation of crude oil through the operation of its oil tankers. The company's revenues are earned in international markets.
The company is a Marshall Islands corporation that was incorporated on October 17, 2007 by Teekay Corporation. During October 2007, Teekay Corporation (Teekay) formed Teekay Tankers Ltd., a Marshall Islands corporation together with its wholly owned subsidiaries and the Dropdown Predecessor, as described below, collectively the company, to acquire from Teekay Corporation a fleet of nine double-hull Aframax-class oil tankers in connection with the company's initial public offering.
The company was listed in New York Stock Exchange on December 13, 2007.

Headquarters
4Th Floor, Belvedere Building, 69 Pitts Bay Road
Hamilton; Bermuda; Postal Code: HM 08

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Website: http://www.teekaytankers.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2007
Key Executives
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Chairman
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President
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Chief Financial Officer
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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5.8%
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5.1%
Subsidiaries
Americas Spirit L.L.C.
Ashkini Spirit L.L.C.
Athens Spirit L.L.C.
Company Performance
Financial values in the chart are available after Teekay Tankers Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
28.33%
Total operating revenue
28.86%
Operating profit (EBIT)
114.38%
EBITDA
80.9%
Net Profit (Loss) for the Period
124.23%
Total assets
5.04%
Total equity
42.6%
Operating Profit Margin (ROS)
15.69%
Net Profit Margin
16.25%
Return on Equity (ROE)
12.26%
Debt to Equity Ratio
-40.64%
Quick Ratio
1.68%
Cash Ratio
1.56%

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