Teekay Tankers Ltd. Announces Operating Results for the First Quarter Ended March 31, 2020
May 21, 2020 at 02:12 pm EDT
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Teekay Tankers Ltd. announced operating results for the first quarter ended March 31, 2020. For the period, the company reported suezmax revenue days of 2,524 as compared to 2,505 for the same period last year. Suezmax tce per revenue day was USD 46,317 as compared to USD 23,342 for the same period last year. Aframax revenue days was 1,723 as compared to 1,827 for the same period last year. Aframax tce per revenue day was USD 34,438 as compared to USD 24,775 for the same period last year. lr2 revenue days was 953 as compared to 815 for the same period last year. lr2 tce per revenue day was USD 34,494 as compared to USD 20,694 for the same period last year.
Teekay Tankers Ltd. is a provider of marine transportation to global oil industries. The Company is engaged in the business of owning and operating crude oil and product tankers. It provides vessel operation services for various vessels under the contracts with the Australian Government. Under these contracts the Company delivers all constituent support capabilities: vessel operations, engineering support, maintenance support, supply support, crewing and training and provide support services. The Company owns a fleet of approximately 45 double-hull tankers, including 25 Suezmax tankers, 10 Aframax tankers and nine LR2 product tankers. The Company also owns a very large crude carrier (VLCC) through a 50% owned joint venture. Its tanker segment consists of the operation of its tankers, including the operations from those tankers employed on full-service lightering contracts and the United State based ship-to-ship support service operations, including its lightering support services.
TEEKAY TANKERS LTD. 
