Teekay Tankers makes USD 662 million purchase

Teekay Tankers has acquired 12 Suezmax vessels in a deal that totals USD 662 million.

Acquiring vessels is expensive, something Teekay Tankers has now experienced first hand. The company has just spent USD 662 million on the purchase of 12 Suezmax ships which have been acquired from Principal Maritime. The acquisition also means that the fleet at Teekay Tankers now has an average age that is 1.2 years younger than before the purchase.

"The acquisition of this high quality, on-the-water fleet is strategically important for Teekay Tankers and provides significant commercial and financial benefits," commented Teekay Tankers CEO Kevin Mackay in a comment on the major purchase.

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