Beset with fleet renewal questions, Teekay finally buys a modern tanker
Teekay Tankers posts net income of $107m for 2Q24, in line with consensus
How do you rejuvenate an ageing fleet when asset values are sky-high and investors punish you for paying inflated prices? Teekay Tankers is a poster child of this dilemma, and after a years-long buying drought, it has acquired a modern ship