Oil Tankers Squeezed as Rates Drop to Lowest Since ’97

Oil Tankers Squeezed as Rates Drop to Lowest Since ’97

Teekay Shipping Corp. via Bloomberg

Teekay Corp., based in Hamilton, Bermuda, is the biggest publicly traded operator of Aframaxes, with 49 of the tankers, according to Clarkson. It also owns vessels hauling liquefied natural gas and ships that process and store oil extracted from offshore wells.