About Teekay Tankers

About company

Teekay Tankers Ltd. was formed in December 2007 by Teekay Corporation (NYSE: TK) as part of its strategy to expand its conventional oil tanker business. Teekay Tankers currently owns a fleet of double-hull Aframax tankers, double-hull Suezmax tankers, product tankers and one VLCC, which an affiliate of Teekay Corporation manages through a mix of short- or medium-term fixed-rate time-charter contracts and spot tanker market trading. Teekay Tankers pays an annualized dividend of $0.03 per share, paid quarterly.