The absence of the very large crude carriers A Elephant and E Elephant (both of 317,000 dwt and built 2010) from the Houston filing would appear to suggest that Teekay Tankers' security interest in the vessels will not be threatened by the reorganisation.

A request for comment to Vancouver-based Teekay was not immediately returned today.

Teekay has never officially confirmed that the Asian shipowner it had financed was Nobu Su's TMT, though the identity of its counterparty was quickly evident in the market.

However,