Teekay Tankers reported its first quarter 2013 earnings. It generated cash available for distribution of $0.10 per share and an adjusted net loss of $0.04 per share. It outperformed industry benchmarks in spot tanker rates. It has 40% fixed rate charter coverage for the next 12 months and ordered four fuel efficient LR2 product tankers. It has $294 million in total liquidity and low debt repayments through 2016.