Teekay Group Releases Form 20-F Annual Reports for 2024
Teekay Group Announces Availability of Annual Reports
Teekay Corporation Ltd. (Teekay) and Teekay Tankers Ltd. (Teekay Tankers), often referred to collectively as the Teekay Group, have made significant strides in communicating their financial performance. The Annual Reports on Form 20-F for the fiscal year that concluded on December 31, 2024, are now accessible and provide key insights for shareholders and potential investors.
Accessing the Annual Reports
The Teekay Group has filed these comprehensive Annual Reports with the U.S. Securities and Exchange Commission, ensuring that important financial information is readily available. Shareholders can view the reports in the "Investors" section of Teekay's website under "Financials and Presentations." This user-friendly section allows easy navigation and access to valuable financial documents.
Requesting Hard Copies
For those who prefer physical copies, shareholders have the option to request free hard copies of the Annual Reports. These reports encompass the Teekay Group's complete audited financial statements for 2024. Any inquiries for hard copies can be directed to the Investor Relations team via email.
About Teekay Corporation
Teekay is recognized as a prominent provider of international crude oil marine transportation and marine services. The corporation operates through its significant interest in Teekay Tankers Ltd. (NYSE: TNK), which is a leading entity in owning and managing mid-sized crude tankers. Teekay Tankers boasts a diverse fleet of vessels, operating around 60 conventional tankers and additional marine assets, serving high-profile international energy companies.
Global Operations
With a presence in eight countries and a workforce comprising approximately 2,300 employees, Teekay Tankers delivers extensive marine services worldwide. This global reach places Teekay in a strategic position to support the energy sector effectively.
Teekay Tankers' Fleet Overview
Teekay Tankers boasts a varied fleet of 37 modern double-hull tankers, which include 22 Suezmax tankers and 15 Aframax / LR2 tankers. The fleet is strategically employed through a mix of spot market trading and fixed-rate time charter contracts. Furthermore, Teekay Tankers maintains sound operational practices by teaming up with a 50% owned joint venture to manage a Very Large Crude Carrier (VLCC).
Marine Services for the Australian Market
In addition to its impressive tanker fleet, Teekay Tankers provides specialized marine services to the Australian government and energy companies. This includes unique operations such as ship-to-ship transfers, which are crucial for lightering services in various regions, including the U.S. Gulf and the Caribbean.
Investor Relations Contact Information
For any investor relations inquiries or further information regarding the Annual Reports, Teekay encourages shareholders to reach out via email. The Investor Relations team is available to assist with any questions regarding the financial statements or other related matters.
Frequently Asked Questions
What are the Annual Reports on Form 20-F?
The Annual Reports on Form 20-F are official documents filed by foreign companies with the U.S. Securities and Exchange Commission, detailing their financial performances and operations for the year.
How can I access the Annual Reports for Teekay Group?
Annual Reports can be accessed in the "Investors" section of Teekay's website, under "Financials and Presentations. Readers can find detailed financial data and insights here.
Can shareholders request hard copies of the reports?
Yes, shareholders can request free hard copies of the Annual Reports by contacting the Investor Relations team via email.
What type of services does Teekay provide?
Teekay provides marine transportation and services primarily in crude oil, operating a diverse fleet of tankers and offering operational support to various energy companies globally.
How significant is Teekay's fleet in the marine transportation sector?
Teekay's fleet, including Suezmax and Aframax tankers, represents a vital component of its marine services, serving major clients and contributing to its standing as a market leader.
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