|Bid||3.0700 x 1400|
|Ask||3.2000 x 1800|
|Day's Range||3.0800 - 3.2500|
|52 Week Range||1.7000 - 4.8800|
|Beta (5Y Monthly)||1.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 19, 2021 - May 24, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan 31, 2019|
|1y Target Est||N/A|
A look at the shareholders of Teekay Corporation ( NYSE:TK ) can tell us which group is most powerful. Generally...
HAMILTON, Bermuda, April 12, 2021 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the publication of their 2020 Sustainability Report, which can be accessed on the Teekay Group’s website by clicking here. “There is broad recognition in the maritime industry that to remain relevant, we must find new cost-effective solutions to reduce greenhouse gas emissions and address climate change while we continue to serve the world’s growing transportation needs,” commented Kenneth Hvid, Teekay’s President and CEO. “We are committed to this challenge and, since 2008, we have significantly reduced the emissions intensity of our fleets and are committed to work with all industry stakeholders to evolve and invest in new technologies and new transportation requirements that will arise out of the global energy transition.” “Teekay has a track record of servicing the needs of an evolving global energy mix, and we believe that global demand for clean-burning natural gas will continue to grow,” commented Mark Kremin, President and CEO of Teekay Gas Group Ltd. “As the industry evolves, one thing that will not change is the importance and dedication of everyone who works at sea,” commented Kevin Mackay, Teekay Tankers’ President and CEO. “The pandemic unfortunately highlighted the lack of understanding and appreciation for what seafarers around the world contend with as part of their daily job. While this is a challenge across the industry, it also emphasizes one of Teekay Tankers’ strengths in caring for our seafarers. This past year, we implemented new measures to support crew safety and welfare and will continue to support initiatives to recognize seafarers as key and essential workers by all governments.” “Sustainability has long been a core value at Teekay, and we believe our culture, values, and policies create a strong foundation for the work that lies ahead,” commented Mr. Hvid. In addition, the Teekay Group has released their Annual Reports on Form 20-F for the fiscal year ended December 31, 2020 (Annual Reports), each of which has been filed with the U.S. Securities and Exchange Commission and can be accessed at www.teekay.com, in the “Investors” section under “Financials and Presentations” for each respective entity. Shareholders and unitholders may also request a hard copy of the Annual Reports, which includes the Teekay Group’s complete 2020 audited financial statements, free of charge by contacting Investor Relations via e-mail at firstname.lastname@example.org or by phone at +1-604-609-2963. About Teekay Teekay is a leading provider of international crude oil and gas marine transportation services. Teekay provides these services primarily through its directly-owned fleet and its controlling ownership interests in Teekay LNG Partners L.P. (NYSE:TGP), one of the world’s largest independent owners and operators of LNG carriers, and Teekay Tankers Ltd. (NYSE:TNK), one of the world’s largest owners and operators of mid-sized crude tankers. The consolidated Teekay entities manage and operate total assets under management of approximately $9 billion, comprised of approximately 135 liquefied gas, offshore, and conventional tanker assets. With offices in 10 countries and approximately 5,350 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world’s leading oil and gas companies. Teekay’s common stock is listed on the New York Stock Exchange where it trades under the symbol “TK”. About Teekay LNG Teekay LNG is one of the world’s largest independent owners and operators of LNG carriers, providing LNG and LPG services primarily under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 23 mid-size LPG carriers, and seven multi-gas carriers. The Partnership’s ownership interests in these vessels range from 20 to 100 percent. In addition, the Partnership owns a 30 percent interest in a regasification terminal. Teekay LNG is a publicly-traded master limited partnership formed by Teekay Corporation (NYSE: TK) as part of its strategy to expand its operations in the LNG and LPG shipping sectors. Teekay LNG Partners’ common units and preferred units trade on the New York Stock Exchange under the symbols “TGP”, “TGP PR A” and “TGP PR B”, respectively. About Teekay Tankers Teekay Tankers currently has a fleet of 50 double-hull tankers (including 26 Suezmax tankers, 15 Aframax tankers and nine LR2 product tankers), and also has one time chartered-in tanker. Teekay Tankers’ vessels are typically employed through a mix of short- or medium-term fixed-rate time charter contracts and spot tanker market trading. Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a 50 percent-owned joint venture. In addition, Teekay Tankers owns a ship-to-ship transfer business that performs full service lightering and lightering support operations in the U.S. Gulf and Caribbean. Teekay Tankers was formed in December 2007 by Teekay Corporation as part of its strategy to expand its conventional oil tanker business. Teekay Tankers’ Class A common stock trades on the New York Stock Exchange under the symbol “TNK.” For Investor Relations enquiries contact: Ryan HamiltonTel: +1 (604) 609-2963Website: www.teekay.com Forward Looking Statements This release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management’s current views with respect to certain future events and performance, including statements, among other things, regarding: the anticipated impact of the global energy transition on marine transportation; the global demand for gas (including clean-burning natural gas); the Teekay Group’s continuing efforts with respect to worker safety and welfare; and the impact of the Teekay Group’s culture, values and policies on its sustainability initiatives. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: market or counterparty reaction to changes in exploration, production and storage of offshore oil and gas; changes in the demand or global prices for oil, refined products, LNG or LPG; changes in tanker rates; changes in applicable industry laws and regulations and the timing of implementation of new laws and regulations; the impact of changes in global economic conditions; the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and market or regulatory responses to the pandemic on the Teekay Group’s operations, personnel, commercial activity and on global supply chains; technological changes in the shipbuilding industry related to energy efficiency and sustainability measures; and other factors discussed in the Teekay Group’s filings from time to time with the SEC, including in each of its Annual Reports on Form 20-F for the fiscal year ended December 31, 2020. Teekay, Teekay LNG and Teekay Tankers expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.
Digital ConferenceWednesday & Thursday, April 14 & 15, 20219.30 am – 4.00 pm British Standard Time (BST) MOVING FROM DISCUSSION TO DELIVERYComplimentary Registration 2 Days – 14 Virtual Sessions – 78 speakers – 69 Presenting Companies NEW YORK, April 05, 2021 (GLOBE NEWSWIRE) -- Capital Link’s Decarbonization in Shipping Forum will take place on Wednesday & Thursday, April 14 - 15, 2021 from 9:30am – 4:30pm British Standard Time (BST) as a digital conference. The event will take place over the course of two days, with 14 virtual sessions, and 72 speakers with 69 companies participating on the discussion panels. FORUM OVERVIEW AND STRUCTUREDecarbonization is the next frontier for the industry to conquer adhering to specific objectives and timeframes. The event combines two main features true to the theme of “Moving from Discussion to Delivery”. Provides a comprehensive blueprint of the Roadmap to Decarbonization addressing all relevant core topics and issues such as regulations, alternative fuels and propulsion systems, technology, infrastructure and more.Offers practical suggestions as to the next steps for all stakeholders to achieve the goal of net-zero emissions. It will focus on options and strategies for the existing fleet as well as for newbuildings and the ships of the future. It will also highlight the role and context of the various initiatives by regulators, industry organizations, charterers and financiers. The value added and difference of this forum is based on: Featuring discussion/debate among all major stakeholders – with heavy emphasis on shipowner engagement;Providing a realistic assessment of where the industry is now, what needs to be done and come up with practical suggestions as to the next steps for all stakeholders. The Forum will be held digitally, opening it to a global audience and making this approach highly relevant and effective, and will feature a series of LIVE interactive panel discussions. STEERING COMMITTEEThe agenda topics are carefully designed and selected by the Steering Committee comprised of leading experts in the Maritime Industry. Dr Grahaeme Henderson OBE, Senior Vice President, Shipping & Maritime - Shell International Trading and Shipping Company LimitedMichael Parker, Chairman, Global Shipping Logistics & Offshore - CitiEsben Poulsson, Chairman - International Chamber of Shipping, Executive Chairman - Enesel PTE. LtdDr. Nikolas P. Tsakos, Founder and Chief Executive Officer - TEN LTD; Chairman – INTERTANKO (2014-2018)Charles (Bud) Darr, Executive Vice President, Maritime Policy and Government Affairs - MSC Group KEYNOTE SPEAKERDr. Martin Stopford, Non-Executive President - Clarkson Research Services Limited REGISTRATIONRegistration is complimentary. To register please go to the link below:http://forums.capitallink.com/shipping/2021decarbonization/ AGENDA TOPICSDAY ONE – April 14, 2021 The Roadmap to Zero - Moving from Discussion to DeliverySetting the Stage - The Shipowners' Perspective - Where We Are Today - How to Move ForwardPolicy Making & The Regulatory Decarbonization Roadmap for Shipping - Regulator, Industry & Stakeholder Involvement - Global & Regional IssuesMeeting the IMO 2030 Decarbonization Goals - Achieving EEXI & CII Compliance - Options & Strategies for The Existing Fleet - Managing Sectoral Needs Towards A Common Objective (Containers - Dry Bulk - Tankers - Gas - Passenger)Energy Efficient Technologies - Improving Fleet PerformanceIs LNG An Intermediate or A Long-Term Option? What About LPG?Partnerships, Alliances & Industry Initiatives - Fostering Collaboration Among Stakeholders DAY TWO – April 15, 2021 Keynote Remarks by Dr. Martin StopfordDesigning Ships of The Future - Fuels - Engines - Hull/Ship Design & TechnologyLooking Ahead To 2050 - Zero Emission Alternative Energy Fuels: Ammonia - Hydrogen - Methanol - BiofuelsPort Infrastructure, Logistics & Supply Chain PreparednessLooking Ahead To 2050 - Alternative Propulsion Systems - Beyond the Internal Combustion Engine - Wind - Batteries - Nuclear - Fuel CellsThe Transition to Decarbonization - Who Will Foot The Bill?Looking Ahead - The Shipowner's Perspective - What Does It Take to Reach Zero PARTICIPATING COMPANIES & ORGANIZATIONS INDUSTRY PARTICIPANTS Advent TechnologiesAnemoi MarineAnglo AmericanBureau VeritasCitiClassNKClyde & CoCore PowerCorvus EnergyDeepSea TechnologiesDNVEnTrustEuropean Commission - Directorate General for Mobility and TransportEuropean Commission - Directorate General for Climate ActionGlobal Industry Alliance, International Maritime Organization (IMO)INTERCARGOInternational Chamber of ShippingInternational Registries, Inc.Kawasaki Heavy IndustriesLloyd’s RegisterLloyds Register Decarbonization HubLouis Dreyfus Company; Sea Cargo CharterMærsk Mc-Kinney Møller CenterMaritime & Port Authority of Singapore (MPA)Mitsubishi ShipbuildingPort of RotterdamRINAShellSingapore Shipping Association (SSA)TrafiguraWärtsiläWatson Farley & Williams SHIPPING COMPANIES A.P. Møller MaerskAETArdmore Shipping Corporation (NYSE: ASC)Carnival CorporationCMA CGMd’Amico Societa di NavigazioneDanaos Shipping Co.Columbia ShipmanagementDorian LPG (NYSE: LPG)Enesel PTE. LtdEXMARFafalios ShippingFrontline Management (NYSE: FRO)GasLog Ltd. (NYSE: GLOG)HafniaHong Lam Marine Pte.International SeawaysMaersk TankersMaran Gas MaritimeMSC GroupNYK Group Europe Ltd.Oldendorff CarriersPremuda SpAProminence Maritime / DynacomSafe Bulkers (NYSE: SB)Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)Star Bulk Carriers Corp. (NASDAQ: SBLK)Stena BulkTeekay Corporation (NYSE: TK)Tsakos Energy Navigation TEN LTD (NYSE: TNP)TORM A/S (NASDAQ: TRMD)Torvald KlavenessWah Kwong Maritime HoldingsWilh.Wilhelmsen Holding FORUM HIGHLIGHTS Presentations/panel sessions will be delivered in real time video formatExhibition halls with 25 digital booths Visit our Sponsor booths to obtain the latest industry and financial reports, white papers, company videos, latest presentations and moreAll materials can be saved into your briefcase and reviewed at your convenience TARGET AUDIENCECommercial and Investment Bankers, Charterers, Classification Societies, Commodity and Energy Traders, Finance Providers, Financial Advisors, Financial and Trade Media, Hedge Fund Managers, Institutional Investors, P&I Executives, Lawyers and Insurers, Market Analysts and Consultants, Private Equity Firms, Risk Advisors, Ship Managers, Ship Operators, Shipowners, Shipbrokers, Sovereign Wealth Funds, Venture Capital Firms SPONSORSGLOBAL GOLD SPONSORS: Columbia Shipmanagement • DNV GL • Tsakos Energy Navigation GLOBAL SPONSORS: Citi • ClassNK • Lloyd’s Register • RINA • Wartsila • Watson Farley & WilliamsEVENT SPONSORS: ABS • Advent Technologies • Ardmore Shipping • Bureau Veritas • Clyde & Co • d’Amico Societa di Navigazione • Danaos Corporation • DeepSea Technologies • Dorian LPG • EXMAR • International Seaways • International Registries Inc. • Seanergy • Safebulkers • Start Bulk Carriers Corp. • TORM SUPPORTING SPONSORS: WinGDCHARITY PARTNER: The Mission To Seafarers SUPPORTING ORGANIZATIONS: Association of Banking And Financial Executives of Hellenic Shipping • BCA College • CASS Business School (International Centre for Shipping, Trade and Finance) • HELMEPA • Hellenic Bankers Association (HBUK) • Hellenic Committee of Lloyd’s Brokers’ Associates (HCLBA) • Hellenic Shipbrokers’ Association (HSA) • Greek Shipping Co-Operation Committee • InterManager • Piraeus Association For Maritime Arbitration • The International Propeller Club of the US • Singapore Shipping Association (SSA) MEDIA PARTNERS: All About Shipping UK • Actualidad Maritima • Baird Maritime • ELNAVI • Maritime Direct • Marine Circle • Nafsgreen • Naftika Chronika • Natural Gas World • Oikonomiki • Port News • Ship2Shore • Ship Management International • World Oils • Xinde Marine News FOR MORE INFORMATIONPlease visit: http://forums.capitallink.com/shipping/2021newyork/index.htmlOr, contact Nicolas Bornozis or Anny Zhu at forum@CapitalLink.com or + 1 212 661 7566 ORGANIZER – CAPITAL LINK, INC.Founded in 1995, Capital Link is a New York based investor relations, financial communications and advisory firm with a strategic focus on the maritime, commodities and energy sectors, MLPs, as well as Closed-End Funds and ETFs. In addition, Capital Link organizes a series of investment conferences a year in key industry centers in the United States, Europe and Asia, all of which are known for combining rich educational and informational content with unique marketing and networking opportunities. Capital Link is a member of the Baltic Exchange. Based in New York City, Capital Link has presence in London, Athens & Oslo.