Tankers

Should Teekay Tankers buy shares, more ships or both with its cash pile?

Chief executive Kenneth Hvid said tanker owner considering adjacent MR and VLCC sectors, but analyst wants buybacks

Kenneth Hvid, chief executive of Teekay Corp and spin-off Teekay Tankers, visits the vessel Erik Spirit in October 2024.
Kenneth Hvid, chief executive of Teekay Corp and spin-off Teekay Tankers, visits the vessel Erik Spirit in October 2024.Photo: Teekay
TradeWinds deputy editorMiami
Published 8 May 2025, 18:00Updated 9 May 2025, 06:49
Teekay TankersKenneth HvidUSCanada