Established in 1973, Teekay (NYSE:TK) Corporation is a Vancouver‐based energy transportation company specializing in crude oil, liquefied natural gas (LNG) and offshore production services. Operating under the ticker NYSE:TK, Teekay owns and operates a diverse fleet of tankers, LNG carriers and floating production units that serve leading oil and gas producers and traders globally. The company provides shuttle tankers for offshore fields, floating production, storage and offloading (FPSO) vessels, and long‐haul crude and product transportation.
Teekay’s core business segments encompass conventional tanker shipping, LNG shipping and offshore solutions. In its conventional segment, Teekay deploys Suezmax, Aframax and LR2 tankers on critical trade routes to transport crude oil and refined products. Its LNG shipping arm operates modern membrane carriers designed for safe and efficient transport of natural gas at cryogenic temperatures. The offshore segment delivers FPSO and FSO (floating storage and offloading) units, as well as bespoke floating production systems tailored to deepwater and remote oil fields.
Founded by Danish maritime entrepreneur Torben Karlshoej, Teekay has expanded through fleet acquisitions, strategic alliances and long‐term charter contracts. The company maintains a global footprint with regional offices in London, Oslo, Singapore, Houston and Dubai, and its vessels regularly call ports across the Americas, Europe, Asia‐Pacific and the Middle East. This international presence enables Teekay to support both established energy markets and emerging producers seeking reliable maritime services.
Under the leadership of President and Chief Executive Officer Kenneth Hvid, Teekay continues to enhance operational efficiency through vessel upgrades, digital monitoring systems and environmental initiatives aimed at reducing emissions. Its board and senior management team bring extensive expertise in maritime operations, project development and financial management. By leveraging an integrated platform of shipping and offshore assets, Teekay seeks to deliver dependable service to its charterers while navigating industry cycles and evolving regulatory landscapes.
