Teekay Tankers believes two major sale and leaseback transactions and fresh bank debt have given it sufficient liquidity to weather the tanker market storm.
New York-listed Teekay announced the leaseback of six tankers yesterday, adding to a deal for seven vessels with a different counterparty back in May.
Further capital have been arranged via a new loan to finance working capital at the company’s RSA pool management operations
Kevin Mackay, chief executive of Teekay Tankers, says the deals are set to be...
