Teekay creates new listed tanker giant

With the merger of Teekay Tankers and Tanker Investments, the Canadian shipping group has created a large, listed company with assets totaling USD 2.4 billion.
Photo: Teekay
Photo: Teekay

Canada's Teekay is merging its tanker carrier Teekay Tanker with its company Tanker Investments, creating what seems to be the world's largest listed carrier of MR tanker vessels with total assets amounting to USD 2.4 billion, according to a press release from Teekay on Thursday.

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