reports
Teekay Tankers Ltd: 1 director
A director at Teekay Tankers Ltd sold 3,216 shares at 55.094USD and the significance rating of the trade was 62/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...
Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2023 Results and...
Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2023 Results and Declares Dividend HAMILTON, Bermuda, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 2023 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended December 31, 2023. The cash dividend is payable on March 15, 2024 to all shareholders of record as at March 4, 2024. The full earnings release and earnings presentation are available on the ...
Teekay Tankers Ltd. Reports Third Quarter 2023 Results and Declares Di...
Teekay Tankers Ltd. Reports Third Quarter 2023 Results and Declares Dividend HAMILTON, Bermuda, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2023 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended September 30, 2023. The cash dividend is payable on November 27, 2023 to all shareholders of record as at November 14, 2023. The full earnings release and earnings presentation are available on the Company’s we...
Teekay Tankers Ltd. Reports Second Quarter 2023 Results and Declares D...
Teekay Tankers Ltd. Reports Second Quarter 2023 Results and Declares Dividend HAMILTON, Bermuda, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended June 30, 2023 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended June 30, 2023. The cash dividend is payable on August 25, 2023 to all shareholders of record as at August 14, 2023. The full earnings release and earnings presentation are available on the Company’s website . Abou...
Teekay Tankers Ltd. Reports First Quarter 2023 Results and Updated Cap...
Teekay Tankers Ltd. Reports First Quarter 2023 Results and Updated Capital Allocation Plan HAMILTON, Bermuda, May 11, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended March 31, 2023 and announced the Board of Directors has approved an update to the Company’s capital allocation plan. The full earnings release and earnings presentation are available on the Company’s website . Details of the Company’s updated capital allocation plan are available on the Company’s website . About Teekay Tanke...
Teekay Tankers Updates Capital Allocation Plan
Teekay Tankers Updates Capital Allocation Plan Company initiates fixed quarterly dividend, announces a special dividend, and establishes a share repurchase program. HAMILTON, Bermuda, May 11, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:) today announced that its Board of Directors has approved an update to the Company’s capital allocation plan under which existing capital allocation priorities of balance sheet strength and well-timed fleet reinvestments will be supplemented by returns of capital to shareholders. The Company has initiated a regular...
Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2022 Results
Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2022 Results HAMILTON, Bermuda, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 2022. The full earnings release and earnings presentation are available on the Company’s website . About Teekay Tankers Teekay Tankers has a fleet of 44 double-hull tankers (including 25 Suezmax tankers, 10 Aframax tankers and nine LR2 product tankers), and also has eight time chartered-in tankers (including one tanker expect...
Teekay Tankers Ltd. Reports Third Quarter 2022 Results
Teekay Tankers Ltd. Reports Third Quarter 2022 Results HAMILTON, Bermuda, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2022: The full earnings release and earnings presentation are available on the Company’s website . About Teekay Tankers Teekay Tankers currently has a fleet of 44 double-hull tankers (including 25 Suezmax tankers, 10 Aframax tankers and nine LR2 product tankers), and also has four time chartered-in tankers. Teekay Tankers’ vessels are typically...
Teekay Tankers Ltd. Reports Second Quarter 2022 Results
Teekay Tankers Ltd. Reports Second Quarter 2022 Results HAMILTON, Bermuda, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended June 30, 2022: The full earnings release and earnings presentation are available on the Company’s website . About Teekay Tankers Teekay Tankers currently has a fleet of 45 double-hull tankers (including 25 Suezmax tankers, 11 Aframax tankers and nine LR2 product tankers), and also has four time chartered-in tankers. Teekay Tankers’ vessels are typically empl...
Teekay Tankers Ltd. Reports First Quarter 2022 Results
Teekay Tankers Ltd. Reports First Quarter 2022 Results HAMILTON, Bermuda, May 12, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended March 31, 2022: The full earnings release and earnings presentation are available on the Company’s website . About Teekay Tankers Teekay Tankers currently has a fleet of 45 double-hull tankers (including 25 Suezmax tankers, 11 Aframax tankers and nine LR2 product tankers), and also has three time chartered-in tankers. Teekay Tankers’ vessels are typically empl...
Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2021 Results
Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2021 Results HAMILTON, Bermuda, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and year ended December 31, 2021: The full earnings release and earnings presentation are available on the Company’s website . About Teekay Tankers Teekay Tankers currently has a fleet of 47 double-hull tankers (including 25 Suezmax tankers, 13 Aframax tankers and nine LR2 product tankers), and also has three time chartered-in tankers. Teekay Tankers’ v...
Teekay Tankers Ltd. Reports Third Quarter 2021 Results
Teekay Tankers Ltd. Reports Third Quarter 2021 Results Highlights Reported GAAP net loss of $52.1 million, or $1.54 per share; and adjusted net loss(1) of $50.1 million, or $1.48 per share, in the third quarter of 2021 (excluding items listed in Appendix A to this release).In September 2021, Teekay Tankers repurchased six vessels that were previously under higher-cost sale-leaseback financings with $129 million of existing liquidity.In September 2021, Teekay Tankers refinanced two of the above-mentioned vessels and two previously repurchased unencumbered vessels with lower-cost sale-le...
Teekay Tankers Ltd. Reports Second Quarter 2021 Results
Teekay Tankers Ltd. Reports Second Quarter 2021 Results Highlights Reported GAAP net loss of $129.1 million, or $3.83 per share; and adjusted net loss(1) of $41.5 million, or $1.23 per share, in the second quarter of 2021 (excluding $86.7 million of vessel write-downs and other items listed in Appendix A to this release).In May 2021, Teekay Tankers repurchased two vessels with $57 million of existing liquidity that were previously under higher-cost sale-leaseback financings and therefore are currently unencumbered. Six additional vessels under similar sale-leaseback financings are sche...
- Jørgen Lian
Teekay Tankers (Hold, TP: USD13.00) - Market trough dragging on
Ahead of the Q2 results (due prior to market open on 5 August), we are still well below consensus EBITDA for 2021e, as we expect freight markets to stay muted for some time yet. In our view, a larger crude tanker fleet warrants demand surpassing its 2019 level before freight markets could find higher ground, while we wish for materialising export volumes and scrapping by Christmas. We reiterate our HOLD and have cut our target price to USD13 (15).
- Jørgen Lian
Financing 2°C Shipping - Financial risk of future regulations
We have worked with KLP and other partners in the Green Shipping Programme to assess the risk for financial stakeholders in various shipping technologies within the VLCC, Capesize and 10k TEU container segments. We find: 1) relative attractiveness of short-dated assets with scrubbers; 2) high uncertainty among newbuild alternatives in an uncertain regulatory environment; 3) that current IMO targets seem within reach in our base case; and 4) that further tightening of regulations is needed to ali...
GLOG GASLOG LTD.
EURN EURONAV NV
DHT DHT HOLDINGS INC.
S0QA SCORPIO TANKERS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
3TKA TEEKAY TANKERS
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
OCY OCEAN YIELD ASA
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
EGLE EAGLE BULK SHIPPING
AVACF AVANCE GAS HOLDINGS LTD
MPCC MPC CONTAINER SHIPS
HUNT HUNTER GROUP ASA
FLNG FLEX LNG LTD.
2020 2020 BULKERS
- Jørgen Lian
Teekay Tankers (Hold, TP: USD15.00) - NAV discount widening
We have updated our estimates following the Q1 results, with our 2021e EBITDA down by 21% on the near-term trough, partly offset at the net profit line by Teekay Tankers’ lowered cost of capital, representing cUSD8m in annual savings. We reiterate our HOLD and USD15 target price, but see a potential share-price catalyst longer-term if markets turn.
Teekay Tankers Ltd. Reports First Quarter 2021 Results
Teekay Tankers Ltd. Reports First Quarter 2021 Results Highlights Reported GAAP net loss of $21.4 million, or $0.63 per share; and adjusted net loss(1) of $22.0 million, or $0.65 per share, in the first quarter of 2021 (excluding items listed in Appendix A to this release).As part of further reducing Teekay Tankers' cost of capital, in March 2021, the Company declared additional options to repurchase six vessels that are currently on long-term sale-leaseback financings for $129 million, which are expected to close in September 2021.In March 2021, closed the previously-announced sale of t...
- Jørgen Lian
Crude Tanker Sector (DNB Markets) - Premature optimism
While we expect the tanker market to recover, the willingness to price in a strong H2 2021 is overdone in our view. Meanwhile, owners’ ample liquidity reserves should last the challenging markets. Thus, we have turned neutral on the sector and our 1-year forward NAVs are flat as asset appreciation is offset by limited cash generation. All tanker stocks are now at HOLD.
- Jørgen Lian
DNB Markets Shipping Conference: Decarbonisation takes centre stage
DNB’s 14th annual Energy & Shipping Conference culminated in yesterday’s shipping day. The main theme was decarbonisation of shipping, and its market impact today. Attendees included representatives from IMO and Trafigura, along with several shipping companies taking action towards ambitious decarbonisation targets. Also, the crude tanker and LPG panels both proved rather optimistic despite recent market lows.
GLOG GASLOG LTD.
EURN EURONAV NV
DHT DHT HOLDINGS INC.
S0QA SCORPIO TANKERS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
DNORD S NORDEN A/S
3TKA TEEKAY TANKERS
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
OCY OCEAN YIELD ASA
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
SN6 STOLT-NIELSEN LTD.
HLNG HOEGH LNG AS
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
EGLE EAGLE BULK SHIPPING
AVACF AVANCE GAS HOLDINGS LTD
MPCC MPC CONTAINER SHIPS
HUNT HUNTER GROUP ASA
FLNG FLEX LNG LTD.
2020 2020 BULKERS
- Jørgen Lian
- Paul Harper
No help from OPEC+ in April
The OPEC+ decision to only release 0.15mbpd of crude oil to the market is a clear near-term negative for the tanker space. Consensus had expected 1.5mbpd, which could have seen markets tighten c2.0%, or 3.5% just looking at VLCCs, while the actual effect is closer to 0.2%. On a positive note, this could see more US volumes in 2022 with favourable tonne-mile effects, and the news is a potential catalyst for increased scrapping.
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.