Teekay Corporation is one of the world’s leading shipping companies and is a recognised industry leader in safety, quality and service. The company was founded in 1973 by the late Torben Karshoej and is estimated to transport up to 10% of the world’s seaborne oil in one of our ships at any one moment in time. Teekay’s common stock is listed on the New York Stock Exchange where it trades under the symbol “TK”. It has built a significant presence in the liquefied natural gas shipping sector through its publicly listed subsidiary Teekay LNG Partners LP (NYSE: TGP), is further growing its operations in the offshore oil production, storage and transportation sector through its publicly listed subsidiary Teekay Offshore Partners LP (NYSE: TOO), and continues to expand its conventional tanker business through its publicly listed subsidiary Teekay Tankers Ltd (NYSE: TNK).
With consolidated assets of $12 billion, approximately 230 vessels, 27 major offices in 15 countries and more than 7,000 sea-going and shore based employees, Teekay provides a comprehensive set of marine services to the world’s leading resources companies; helping them seamlessly link their production requirements to their downstream processing operations. Teekay’s reputation for safety, quality and innovation has earned it a position with its customers as The Marine Midstream Company.
This map illustrates Teekay’s global reach and its ability to offer 24/7 service to its customers. In Australia, in addition to the offices in Sydney and Perth, there are regional offices in Port Hedland and Hay Point.
Teekay Corporation has an innovative structure that incorporates three “daughter” companies. Two of these are Master Limited Partnerships (MLPs). This structure provides flexibility with financing of projects and enables Teekay to offer customers attractive financing options for marine projects.