Corporate Profile for Teekay Shipping Corporation, dated Oct. 3, 1997.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: October 3, 1997
Company Name: Teekay Shipping Corporation
Address: Fifth Floor, Tradewinds Building
Bay Street, P.O. Box SS-6293
Nassau, Bahamas
Main Telephone
Number: 604/683-3529
Chief Executive
Officer: James Hood
Chief Financial
Officer: Peter Antturi
Investor Relations
Contact: Kingsley Chong
Business number: 604/844-6654
e-mail address: investor.relations@teekay.com
Public Relations
Contact: James Hood/Peter Antturi
Business number: 604/683-3529
Trading Symbol/
Exchange: NYSE: TK
Industry: Petroleum/Oil Producer/Transportation
Company description: Teekay Shipping Corporation is a leading provider of international crude oil and petroleum product transportation services to major oil companies, major oil traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. , and government agencies, principally in the region spanning from the Red Sea to the U.S. West Coast. The Company's fleet consists of 44 tankers, including 41 Aframax An Aframax ship is an oil tanker with capacity between 80,000 dwt and 120,000 dwt. The Aframax class tanker is largely used in the basins of the Black Sea, the North Sea, the Caribbean Sea, the China Sea and the Mediterranean. oil tankers and oil/bulk/ore carriers, two smaller tankers, and one VLCC VLCC abbr. very large crude (oil) carrier , for a total cargo-carrying capacity of approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 4.4 million tonnes. The Company estimates it has approximately a one quarter share of the Indo-Pacific
The Indo-Pacific is a biogeographic region of the earth's seas, comprising the tropical waters of the Indian Ocean, the western and central Pacific Ocean, and the seas connecting the two Basin Aframax market. In an environment of increasing emphasis among customers on quality as a result of stringent environmental regulations, and heightened concerns about liability for oil pollution, the Company believes that its modern fleet and its emphasis on quality and safety provide it with a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. competitive profile. For more information about Teekay Shipping Corporation, please contact investor relations Investor relations The process by which the corporation communicates with its investors. via phone: 604/844-6654, or E-mail: investor.relations@teekay.com . CONTACT: Teekay Shipping Corporation |
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