Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 27, 2015 4:40 PM ET

Marine

Company Overview of Teekay Shipping Limited

Company Overview

Teekay Shipping Limited operates fleet of tankers used for transportation of oil and gas. Teekay Shipping Limited is based in Nassau, Bahamas. Teekay Shipping Limited operates as a subsidiary of Teekay Corporation.

TK House

Bayside Executive Park

West Bay Street & Blake Road

P.O. Box AP-59212

Nassau,  6293

Bahamas

Phone:

242-502-8820

Fax:

242-502-8840

Key Executives for Teekay Shipping Limited

Teekay Shipping Limited does not have any Key Executives recorded.

Teekay Shipping Limited Key Developments

Teekay Shipping and its Deckhands Settle Disputes with Labor Union But Engineers Set to Walk

Teekay Shipping and its deckhands have ended a bitter 18-month pay dispute that had threatened to bring Port Hedland port to a standstill, holding up $100 million a day in exports. The shipping giant and the Maritime Union of Australia each agreed to major concessions to reach a four-year pay deal. The agreement will be a major relief to resource giants, following BHP Billiton's call earlier this year to call for Federal Government intervention to stop a planned stoppage by deckhands, claiming it would have choked the port within three days. A one-day strike would have stopped iron ore exports from mining giants such as BHP, Fortescue Metals Group and Atlas. Teekay revealed it would give in to union demands to provide the deckhands four weeks' annual leave a year. The workers, who earn $137,000 a year, will not get a pay rise in the first year but will get 2% a year for the next three years. The deal was below the initial demand for an extra 20% over four years, which dropped to 11.9% in May. But Teekay is still facing a battle with its engineers, who are set to walk off the job for four hours November 12, 2014 morning. The engineers are just as crucial to operations as the deckhands and action could halt operations, though they have threatened shorter stoppages. The Australian Institute for Marine and Power Engineers and Teekay will meet at the Fair Work Commission in Perth on November 11, 2014 for last-minute talks. The major sticking point centres on overtime. The union claims that while the engineers are remunerated with overtime penalties, many were suffering serious fatigue and were regularly forced to work more than 12 hours in a shift.

Similar Private Companies By Industry

Company Name Region
Dingle Barges Inc. Americas
Agriculture & Energy Carriers Americas
Kapella Shipping Ltd Americas
Broström Tankers Ltd. Americas
Teekay Shipping Limited Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Teekay Shipping Limited, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.