Teekay Tankers: Well-Positioned To Take Advantage Of Improvements In Tanker Shipments
- The past five years have not been kind to the bulk oil tanker markets, and most have had to take on massive debt loads to survive.
- Teekay Tankers has been able to survive and has shown almost 60% growth over the past 12 months.
- 2Q14 showed unexpected strength in the tanker market which bodes well going into the high season for tankers.
- Teekay is well positioned to take advantage of these improved rates and will likely continue to grow.