Teekay Tankers has sold eight ships to new lessors after a September deal to buy six of the vessels out of their leases in a sweeping refinance.

The New York-listed tanker owner, a spin-off of Vancouver's Teekay Corp, revealed the deals as it reported a deeper third-quarter loss that was not as bad as analysts had predicted.

The company said it spent $129m to buy six tankers out of their lease financing deals during the three-month period.