Teekay Tankers nears debt-free position on concluding strongest-ever year
New York-listed, mid-sized tanker specialist to be debt free after unwinding last sale-leaseback agreements in March
Strong oil demand, the Russian invasion of Ukraine’s effect on tonne-miles and low fleet growth propelled mid-sized tanker specialist Teekay Tankers to its best year on record. The company is nearing a debt-free position as it plans to wind down its last sale-and-leaseback arrangements