Financial PerformanceTNK remains in very strong financial shape with over $500 million of cash, no debt and continues to sell older ships.
Market DynamicsOPEC+ announced a production boost which provides an uplift for Teekay Tankers by adding significantly more barrels to the market, supporting higher demand.
Operational EfficiencyTCE rates remain well above Teekay’s $14,300/day cash breakeven level, providing robust cash generation.