Teekay Tankers (TNK) Q4 2025 Earnings Transcript

We expect to take over full commercial and technical management of these vessels in the second and third quarter of this year. In addition, we sold or agreed to sell two older Suezmaxes, for gross proceeds of $73,000,000 and just this week, we finalized an agreement to sell our only VLCC for gross proceeds of $84,500,000 with delivery during Q2. We expect to recognize total gains from sales of approximately $45,000,000 in 2026. Looking at our first quarter to date, the tanker market has continued to strengt ...