Kako je ovo diivno za procitat!
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Following the announcement earlier this year regarding changes in Teekay Marine Limited, which to confirm TML is now 100% owned by Teekay.
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Vraca nam se stari dobri TK
Poslano s GT-I9195 putem Pomorac.net
Hehehe jesi bas siguran?
TradeWinds revealed on Friday that Teekay Tankers chief Kevin Mackay had been talking with his former employers about a potential deal.
Michael Webber, Wells Fargo’s shipping analyst, says while a merger has not been announced he sees potential benefits to such a move.
In a research note he explains a combination of Teekay Tankers and AET would create a tanker fleet of 16 million deadweight, 33% bigger than Euronav, currently the largest public tanker company in the US.
Throw in Teekay’s Oslo-listed spin-off Tankers Investment Ltd (TIL) and you get a fleet of 17.9m dwt.
Euronav presently tops the list with 11.9m dwt, ahead of Gener8 at 10.9m dwt, a combined Frontline and Frontline 2012 at 8.3m dwt and Tsakos Energy Navigation at 7.1m dwt, Webber says.
“We think this scale could increase TNK/AET’s appeal to institutional investors, which can (at times) struggle to own meaningful tanker positions due to limited liquidity, inherent volatility, and Market Cap requirements,†Webber wrote.
“While there would be younger fleets, TNK/AET would have an average age of about nine years, which would still imply significant remaining life for the majority of its assets.â€
Complimentary companies
Webber argues AET and Teekay Tankers could have complimentary strategies.
He explained: “AET is an industry leader in the lightering business, with a majority of its aframax fleet (one of the largest in the world) dedicated to ship-to-ship transfers from suezmax and VLCC tonnage in the US Gulf.
“We note this business would complement TNK’s existing spot and time charter commercial strategy, providing the scale (8.4% of the global Aframax fleet) to be dominant within the lightering business while maintaining a global presence in spot markets.
“A combination could also build TNK’s exposure to the VLCC segment, via AET’s charter intensive approach (AET controls 13 VLCCs), in addition to TNK’s own core competency within the aframax and suezmax segments.â€