| Business Summary | | Teekay
Shipping
Corp.
is
a
provider
of
international
crude
oil
and
petroleum
product
transportation
services
through
the
world's
largest
fleet
of
medium
size
oil
tankers.
The
Company's
modern
fleet
of
tankers
provides
transportation
services
to
major
oil
companies,
oil
traders
and
government
agencies
worldwide.
As
of
March
1,
2001,
the
Company's
fleet
consisted
of
75
vessels:
70
Aframax
oil
tankers
and
O/B/Os
(including
five
vessels
time-chartered-in
and
one
vessel
owned
by
a
joint
venture),
two
smaller
oil
tankers,
two
Suezmax
tankers
owned
by
a
joint
venture,
and
one
Very
Large
Crude
Carrier. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Teekay
Shipping
Corp.
is
a
provider
of
international
crude
oil
and
petroleum
product
transportation
services
through
a
fleet
of
medium
size
oil
tankers.
For
the
six
months
ended
6/30/01,
revenues
increased
52%
to
$583.9
million.
Net
income
totaled
$240.9
million,
up
from
$66.7
million.
Revenues
reflect
an
increase
in
charter
rates
and
the
benefits
of
the
Ugland
Nordic
Shipping
ASA
acquisition.
Net
income
also
reflects
lower
interest
and
vessel
operating
expenses
per
ship
day. | More
from
Market Guide: Significant
Developments |
| | |
| Position | C. Sean Day, 50 | Chairman | Bjorn Moller, 42 | Pres,
CEO | Arthur Coady, 66 | Exec.
VP, Sec. | David Glendinning, 46 | Sr.
VP- Customer Service and Marine Project Devel. | Graham Westgarth, 45 | Sr.
VP, Marine Operations |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|