Globenewswireยท2025-04-01 20:05Core Viewpoint - Teekay Corporation Ltd. and Teekay Tankers Ltd. have released their Annual Reports for the fiscal year ended December 31, 2024, which are available for public access [1][2]. Company Overview - Teekay is a prominent provider of international crude oil marine transportation and marine services, operating through its controlling interest in Teekay Tankers Ltd. [2] - Teekay Tankers manages approximately 60 conventional tankers and other marine assets, including vessels for the Australian government, with a workforce of around 2,300 employees across eight countries [2]. Fleet and Operations - Teekay Tankers operates a fleet of 37 double-hull tankers, including 22 Suezmax and 15 Aframax/LR2 tankers, along with five time-chartered-in tankers [4]. - The vessels are employed through a combination of spot market trading and short- to medium-term fixed-rate time charter contracts [4]. - Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a joint venture and manages vessels for the Australian government and energy companies [4]. Stock Information - Teekay's common shares are traded on the New York Stock Exchange under the symbol "TK," while Teekay Tankers' Class A common shares trade under the symbol "TNK" [3][5].