April 12, 2012
Teekay Tankers and the Fuel Efficient STX Newbuildings
Big news out of Teekay Tankers: We've just signed an order for four new Aframaxes, with an option for 12 more later. Teekay is committed to success in conventional shipping, and this deal proves our dedication to the business that made us who we are today. We're in our fourth decade of the conventional tanker business, and we're in it for the long-run.
In this video, find out why Bruce Chan and the Teekay Tankers team are more excited than ever about the future of conventional shipping. For more on the deal,
read the official release, and follow us on
Facebook and
Twitter.
March 30, 2012
Teekay's One Spirit Tanker Design to be Featured on CNBC, Jan. 5, 8:00am EST/PST
In 2011, Teekay officially revealed the
One Spirit tanker design: A revolutionary approach to vessel construction that features a thirty percent reduction in fuel costs.
Tune in to
CNBC's Our Green World at
8:00am (Eastern / Pacific) this Saturday morning,
January 5, to get an exclusive, behind-the-scenes look at the work that went in to creating Teekay's highly efficient new vessel design. The segment features interviews with Stuart Crawford, One Spirit's project manager, as well as Graham Westgarth, Chairman of INTERTANKO.
The episode visits Teekay's operational headquarters in Vancouver, Canada, plus a testing facility at Chalmers University in Gothenburg, Sweden. Calling it the "ultimate design" for ocean tankers, Our Green World goes into detail on the three critical design innovations that make the highly efficient vessel possible.
Watch the Teekay One Spirit design video below. Check your local cable listings for CNBC, and follow Teekay on Facebook and Twitter for more on our revolutionary tanker design.
Why VLCC rates reached almost $50000 in Spring 2012
April 2012 saw VLCC rates reach nearly $50,000, doubling rates we saw in February. Why the increase? Is this sustainable?
A recent RS Platou presentation indicates “combination of a surprisingly high growth in seaborne crude oil volumes as well as in transport distances resulted in a ton-mile growth for crude of 8 to 9 percent in the first quarter of 2012 compared to the same quarter last year.”
View the full RS Platou presentation for more detail.
For information on the complete tanker market in April 2012, watch this 3.34 minute video where Teekay’s Market Analyst Christian Waldegrave shares his outlook on the VLCC, Suezmax and Aframax rates from the bridge of the Nassau Spirit.
March 30, 2012
Infographic: Teekay's Conventional Business
Since 1973, Teekay has proudly operated in the conventional tanker market. Although we have expanded into other areas, our conventional tanker business remains at the heart of Teekay’s worldwide success. The scale and complexity of Teekay's conventional tanker business means we operate around the world, around the clock.
To that end, here’s an infographic designed to tell the story of Teekay’s original business: our history, how we’ve improved our service offering and where we stand today. The infographic can be viewed in its individual elements below, or as a whole on Flickr.
March 16, 2012
Teekay Tankers Sees Rates Rise
In a recent Reuters article, Teekay Tanker’s CEO Bruce Chan indicates "This quarter rates in general have been up... we expect this quarter to be better than the first quarter last year."
“Overall for this year, we think that the supply and demand picture for tankers is balanced," said Chan. Teekay Tankers shares were trading up 11 percent on Friday afternoon on the New York Stock Exchange.
Read the full Reuters article for more detail.