Teekay Tankers, an owner and operator of 54 tankers, posted a robust but sliding profit in the second quarter while maintaining a bullish outlook for its market.
Net income at the New York-listed company dropped to $107m from $151.2m in the second quarter of 2023.
Teekay Tankers attributed the fall to a combination of factors, including a lower spot market, where it employs 50 of its 54 tankers, a smaller fleet following the sale of ships and a higher number of scheduled dry-dockings.
