Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2021 Results
Teekay Tankers Ltd. (NYSE: TNK) released its financial results for Q4 and the full year of 2021 on February 24, 2022.
Sentiment and the balance of points
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Rhea-AI Summary
Teekay Tankers Ltd. (NYSE: TNK) released its financial results for Q4 and the full year of 2021 on February 24, 2022. The company operates a fleet of 47 double-hull tankers, including Suezmax, Aframax, and LR2 product tankers, supplemented by three time-chartered vessels. Their shipping operations involve both fixed-rate contracts and spot market trading. Teekay Tankers was established in December 2007 by Teekay Corporation, aiming to enhance its oil tanker business.
Positive
- Established fleet of 47 double-hull tankers supporting diversified operations.
- Engages in a mix of time charter contracts and spot market trading.
Negative
- None.
Details
News Market Reaction – TNK
The recorded move for TNK in the trading session of this news was +6.94%.
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HAMILTON, Bermuda, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 2021:
The full earnings release and earnings presentation are available on the Company’s website here.
About Teekay Tankers
Teekay Tankers currently has a fleet of 47 double-hull tankers (including 25 Suezmax tankers, 13 Aframax tankers and nine LR2 product tankers), and also has three time chartered-in tankers. Teekay Tankers’ vessels are typically employed through a mix of short- or medium-term fixed-rate time charter contracts and spot tanker market trading. Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a 50 percent-owned joint venture. In addition, Teekay Tankers owns a ship-to-ship transfer business that performs full service lightering and lightering support operations in the U.S. Gulf and Caribbean. Teekay Tankers was formed in December 2007 by Teekay Corporation as part of its strategy to expand its oil tanker business.
Teekay Tankers’ Class A common stock trades on the New York Stock Exchange under the symbol “TNK.”
For Investor Relations
enquiries contact:
E-mail: investor.relations@teekay.com
Website: www.teekay.com
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