Teekay Corporation (NYSE:TK)
About Teekay Corporation
Teekay Corp. is an investment holding company, which engages in the provision of international crude oil and gas marine transportation services. The company is headquartered in Vancouver, British Columbia and currently employs 5,050 full-time employees. The firm also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The firm is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors, as well as in the operations in the offshore production, storage and transportation sector. The company is also involved in the conventional tanker business. Teekay provides a set of marine services to the oil and gas companies. The firm has four lines of business: offshore logistics (shuttle tankers, the HiLoad DP unit, floating storage and off-take (FSO) units, units for maintenance and safety (UMS), and long-distance towing and offshore installation vessels), offshore production (floating production, storage and offloading (FPSO) units), liquefied gas carriers and conventional tankers.