1. THE TEEKAY CONVENTIONAL TANKER BUSINESS
LOOKING AHEAD...
Afra
RSA
TEEKAY TANKER SERVICES
PARTNERS
Teekay
Tankers
Teekay LNG
Partners
31
Classic
Afra
7 26 16
18 11
AROUND THE WORLD, AROUND THE CLOCK
LONDON
GLASGOW
MADRID
MUMBAI MANILA
STAMFORD
SYDNEY
TOKYO
HOUSTON
VANCOUVER
SINGAPORE
Pacific
US West Coast
Teekay conventional tanker officesScale of vessel trading operations
Caribbean
Mediterranean
Atlantic
Middle East Gulf
SUPPORTED WITH OPERATIONAL LEADERSHIP
VLCC
x 1
Suezmax
x 40
Aframax / LR2
x 63
109
Owned & Managed
47
Vessels
$320M
GROSS REVENUE
Own & Manage
Vessels
20111995
The conventional tanker business will continue to be core to Teekay and its dedicated
public subsidiary: Teekay Tankers (NYSE: TNK). Continued tanker market supply and
demand volatility presents a challenge and an opportunity. Disruptive technology, future
legislation and operating cost pressure will demand innovative customer solutions. We
have the experienced team that will continue to lead the industry by providing safe,
quality service; and innovative, profitable solutions.
Fratelli D’Amico
Intrepid Shipping
Navigazione Montanari
Sanko Steamship
Seatankers Management
SPT
Konig & Cie
Diamond S Shipping
Columbia Ship Mgmt
Four Jolly
Fratelli D’Amico
Interorient
Viken Shipping
CUSTOMERS
THE ORIGINAL
Teekay
Corporation
31
Teekay
Offshore
Partners
11
Torben Karlshoej
was a shipping original.
He founded Teekay in
1973. Here are some
other Teekay originals:
Teekay has been a player in the conventional tanker market for more than 30 years.
The conventional business is at the heart of what has made Teekay successful over
so many years. It is the original Teekay franchise.
BUSINESS
DEVELOPMENT
COMMERCIAL
OPERATIONS
• Vessel in-charter (1976): White Peony
• Vessel purchase (1985): Golden Gate Sun
• Newbuilding (1988): Frontier Spirit
• Trading route: US West Coast  Japan
• Americas Office (1975): Long Beach, California
• Europe Office (1985): London
• Asia Office (1985): Tokyo
• Public listing (1995): NYSE – TK
TECHNICAL
MANAGEMENT
24/7 CHARTERING
FINANCE &
ACCOUNTING
MR
x 5
128 154 000 000
Litres of oil shipped
x 100
2011
2200
Highly trained,
86
Safe transits through
high-risk Piracy areas
long-term seafarers
Owned and managed
conventional tanker
shipping
Gulf of Aden, Arabian Sea /
Indian ocean
4.8 YEARS
Average time without
Lost Time Injury (LTI)
on a vessel
12.5 YEARS
Record for a vessel
going without Lost
Time Injury (LTI)
Total Teekay
$603M
$1,954M
Conventional
Tankers
TIME-CHARTERS
vessels on time-charter greater than 1 year
27=45%
3 YEARS
Average length of contract
$880M +
$ Value of forward cover
2 Suezmax time-charters
5 Suezmax time-charters
6 Aframax time-charters
2 Aframaxes bareboat charters
2
1
MR time-charter
VLCC joint venture
2012
Time-charter duration
Contracts with diverse
range of customers
>6 MONTHS
>12 MONTHS
Time-charters duration
10 MONTHS
2013 2018 20192015 2016 2021
+
duration as at
1st March 2012
CONTRACT LENGTH
3 Suezmax time-charters
4 Aframax time-charters
2 MR time-charters
As at March 1, 2012
WHAT WE DO
as of March 1, 2012
FLEET BREAKDOWN
Including pools & revenue sharing agreements, as of March 1, 2012
0
Litres of cargo spilled