NYSE:TNKOil and Gas
Teekay Tankers Renews Fleet As Spot Rates And Valuation Draw Focus
Teekay Tankers (NYSE:TNK) has moved ahead with a major fleet renewal, adding newer vessels and selling older ships.
The company is acting during one of the strongest spot rate markets for crude and product tankers in more than ten years.
Management is reshaping the fleet while global trade routes shift in response to sanctions and changing seaborne flows.
Teekay Tankers focuses on transporting crude oil and refined products across key global shipping routes. The latest fleet moves come as...