Reported 05/07
- Revenue of $231.6M
- Income from Operations of $74.4M
- Net Income of $76M
- Dividend of $1.25/sh (Regular 25c, Special $1)
Several surprises from TNK this quarter - a special dividend, 4 vessel sales and a 2019-built LR2 acquisition. Well, maybe the vessel sales are not a big surprise, as TNK has a fair number of non-modern vessels. No mention of the price paid for the new vessel. TNK have suggested that pace of acquisitions will increase. Quick check @ Teekay site
- 21 vessels 2010-build or newer
- 15 vessels 2009-build or older