New York-listed Teekay Tankers secured the deal earlier this week to become the world’s third largest suezmax owner with a fleet of 22 tankers in the sector.
“I think the competition for this acquisition was fairly competitive,” chief executive Kevin Mackay said during the owner’s second quarter conference call.
“I think there was a few companies out there may not able to swallow the whole fleet but certainly able to take a large chunk of assets.
