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THE TEEKAY CONVENTIONAL TANKER BUSINESS
LOOKING AHEAD...
AfraRSA
TEEKAY TANKER SERVICES
PARTNERS
Teekay Tankers
Teekay LNG Partners
31
ClassicAfra
7 26 16
18 11
AROUND THE WORLD, AROUND THE CLOCK
LONDONGLASGOW
MADRID
MUMBAI MANILA
STAMFORD
SYDNEY
TOKYOHOUSTON
VANCOUVER
SINGAPOREPacific
US West Coast
Teekay conventional tanker officesScale of vessel trading operations
Caribbean
MediterraneanAtlantic
Middle East Gulf
SUPPORTED WITH OPERATIONAL LEADERSHIP
VLCCx 1
Suezmaxx 40
Aframax / LR2x 63
109Owned & Managed
47Vessels
$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
COMMERCIALOPERATIONS
• 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
TECHNICALMANAGEMENT
24/7 CHARTERING
FINANCE &ACCOUNTING
MRx 5
128 154 000 000 Litres of oil shipped
x 100
2011
2200Highly trained,
86Safe transits through high-risk Piracy areas
long-term seafarers
Owned and managed conventional tankershipping
Gulf of Aden, Arabian Sea / Indian ocean
4.8 YEARSAverage time withoutLost Time Injury (LTI) on a vessel
12.5 YEARSRecord for a vesselgoing without Lost Time Injury (LTI)
Total Teekay
$603M
$1,954M
ConventionalTankers
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 2019 2015 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 DOas of March 1, 2012
FLEET BREAKDOWNIncluding pools & revenue sharing agreements, as of March 1, 2012
0Litres of cargo spilled