Investment Highlights
Compelling yield
By actively managing our fleet of double-hull vessels through a mix of fixed-rate charters and spot tanker market trading, we provide investors with downside protection while maintaining upside to the spot tanker market. This allows us to provide a compelling yield in high or low spot tanker markets.
Secure dividend payment
Numerous factors contribute to Teekay Tankers’ secure dividend payment, including:
• Fixed-rate, time-charter contracts which provide stable cash flows
• All contracts with creditworthy counterparties
• Favorable debt profile with no covenant concerns or large principal payments until 2015
Built-in growth opportunities
Our relationship with and the financial strength of parent Teekay Corporation provide built-in opportunities for growth through vessel dropdowns. Teekay Corporation has over 20 vessels which have been identified as suitable for dropdown.
Strong sponsorship
Teekay Tankers benefits from sponsor Teekay Corporation’s premier global franchise, operational excellence and financial strength.