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高位卖船!Teekay Tankers持续更新船队 | 航运界
Xin Lang Cai Jing· 2025-08-04 10:26
Core Viewpoint - Teekay Tankers has actively executed its fleet renewal plan, acquiring modern vessels while selling older ones to capitalize on high asset prices, despite experiencing a decline in financial performance in Q2 2025 compared to the previous year [3][5]. Financial Performance - In Q2 2025, Teekay Tankers reported revenue of $232.9 million, a decrease of 29.1% year-over-year but a slight increase of 0.5% quarter-over-quarter [4]. - Adjusted EBITDA for the same period was $62.0 million, down 50.2% year-over-year but up 4.4% from the previous quarter [4]. - Operating profit reached $54.9 million, reflecting a 48.5% decline year-over-year and a 26.1% decrease from the previous quarter [4]. - Net profit was $62.6 million, or $1.81 per share, marking a 44.0% decrease year-over-year and a 17.7% decline quarter-over-quarter [4]. Fleet Update and Strategy - Teekay Tankers invested $64.3 million to purchase a Suezmax tanker, "Nordic Thunder," and agreed to acquire 50% ownership of a VLCC for $63.0 million [3]. - The company has sold five vessels since May, totaling approximately $158.5 million, which is expected to generate about $46.0 million in book gains [3]. - The average TCE for the Suezmax fleet was $33,089 per day, up 23.6% quarter-over-quarter but down 25.8% year-over-year [4]. - The average TCE for the Aframax/LR2 fleet was $32,101 per day, reflecting an 11.0% increase quarter-over-quarter but a 26.5% decrease year-over-year [4]. Market Outlook - The CEO indicated that the second quarter saw strong spot tanker rates, which were above historical averages, and anticipates a potential increase in seasonal tanker demand later in the year due to OPEC+ production adjustments and low global oil inventories [5][7]. - For Q3 2025, the expected TCE for the Suezmax fleet is projected at $31,400 per day, with 44% of operational day rates locked in, while the Aframax/LR2 fleet is expected to reach $28,200 per day with 42% of operational day rates secured [7]. - Teekay Tankers operates 44 tankers, primarily in the spot market, with a cash flow breakeven point of approximately $13,000 per day [7].