Teekay Tankers reported an adjusted net loss of $0.05 per share for Q2 2014. It secured time charter contracts for two Aframax tankers and four LR2 product tankers at an average rate of $15,850 per day, bringing its total in-charter fleet to eight vessels. Spot rates were higher in Q2 2014 compared to Q2 2013, with average Suezmax rates up 32% and Aframax rates up 25%. Teekay Tankers expects its spot market exposure to increase from 26% over the next 12 months as more vessels complete current charters.