Canada’s Teekay Tankers is sharing its record earnings with investors in the shape of stock repurchases and a special dividend.

The US-listed suezmax and aframax/LR2 specialist logged a best-ever net profit of $169.4m in the first quarter, erasing a loss of $13.9m in the same period of 2022.

Watsa’s Seven Islands more than doubles money in 22-year-old suezmax sale
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Revenue jumped to $394.7m