It has filed a shelf registration with the US Securities and Exchange Commission (SEC) saying it is looking to raise up to $200m.
Teekay Tankers said the net proceeds from any sale of shares would be used for repayment of debt, acquisitions, capital expenditures and additions to working capital.
Last month the shipowner named Kevin Mackay as its new chief executive. He was formerly head of the global marine business at Phillips 66.
Teekay
