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Teekay Corp  (TK)
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Teekay's

Competitiveness


 

TK Sales vs. its Competitors Q3 2019



Comparing the results to its competitors, Teekay reported Total Revenue increase in the 3 quarter 2019 by 0 % year on year.
The revenue growth was below Teekay's competitors average revenue growth of 254.74 %, recorded in the same quarter.

List of TK Competitors





Revenue Growth Comparisons




Net Income Comparison


Teekay Corp recorded net loss , as well as most of its competitors.

<<  More on TK Income Comparisons


Teekay's Comment on Competitors and Industry Peers


In the LNG markets, Teekay LNG competes principally with other private and state-controlled energy and utilities companies, which generally operate captive fleets, and independent ship owners and operators. Many major energy companies compete directly with independent owners by transporting LNG for third parties in addition to their own LNG. Given the complex, long-term nature of LNG projects, major energy companies historically have transported LNG through their captive fleets. However, independent fleet operators have been obtaining an increasing percentage of charters for new or expanded LNG projects as major energy companies have continued to divest non-core businesses. Other major operators of LNG carriers include Qatar Gas Transport (Nakilat), Maran Gas Maritime, GasLog, Mitsui O.S.K. Lines, Malaysian International Shipping Company, NYK Line, and Golar LNG.
LNG carriers transport LNG internationally between liquefaction facilities and import terminals. After natural gas is transported by pipeline from production fields to a liquefaction facility, it is super-cooled to a temperature of approximately negative 260 degrees Fahrenheit. This process reduces its volume to approximately 1 / 600th of its volume in a gaseous state. The reduced volume facilitates economical storage and transportation by ship over long distances, enabling countries with limited natural gas reserves or limited access to long-distance transmission pipelines to meet their demand for natural gas. LNG carriers include a sophisticated containment system that holds and insulates the LNG so it maintains its liquid form. The LNG is transported overseas in specially built tanks on double-hulled ships to a receiving terminal, where it is offloaded and stored in heavily insulated tanks. In regasification facilities at the receiving terminal, the LNG is returned to its gaseous state (or regasified) and then shipped by pipeline for distribution to natural gas customers.

The vessels in Teekay LNG primarily compete in the LNG and LPG markets. LNG carriers are usually chartered to carry LNG pursuant to time-charter contracts, where a vessel is hired for a fixed period of time and with charter rates payable to the owner on a monthly basis. LNG shipping historically has been transacted with these long-term, fixed-rate time-charter contracts. LNG projects require significant capital expenditures and typically involve an integrated chain of dedicated facilities and cooperative activities. Accordingly, the overall success of an LNG project depends heavily on long-range planning and coordination of project activities, including marine transportation. Most shipping requirements for new LNG projects continue to be provided on a long-term basis, though the level of spot voyages (typically consisting of a single voyage), short-term time-charters and medium-term time-charters have grown in the past few years.

 





  

Total Segment Market Share Q3 2019

Despite moderate revenue growth of 0.99 % within overall company, Teekay Corp improwed its market share within this segment to 44.32 %.



<<  More on TK Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


TK's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Teekay Corp TK 312 1,708 -58 6,800
Athena Silver Corp ASC 225 0 0 802
Seacor Holdings Inc CKH 594 800 34 4,901
Capital Product Partners L.p. CPLP 126 279 0 1
Caspian Services Inc CSSV 0 26 10 400
Dynagas Lng Partners Lp DLNG 39 127 4 1
Frontline Ltd FRO 1,891 957 140 118
Stealthgas Inc. GASS 75 164 -12 758
Golar Lng Ltd GLNG 0 441 -87 30
Gener8 Maritime, Inc. GNRT 539 323 -169 85
Golden Ocean Group Limited GOGL 411 706 37 25
Dorian Lpg Ltd. LPG 471 293 76 50
Nordic American Tankers Ltd NAT 674 289 -95 21
Navios Maritime Acquisition Corporation NNA 69 280 -66 1
Navigator Holdings Ltd. NVGS 279 310 -6 37
Overseas Shipholding Group Inc OSGIQ 0 0 0 890
Sfl Corporation Ltd SFL 1,020 459 89 7
Sino-global Shipping America, Ltd. SINO 6 29 -6 20
Teekay Lng Partners L.p. TGP 752 511 27 5,561
Teekay Tankers Ltd. TNK 5,982 756 -53 1,239
Tsakos Energy Navigation Ltd TNP 291 530 -101 1
Top Ships Inc. TOPS 1 41 -11 1
Ultrapetrol Bahamas Ltd ULTR 0 0 0 1,614
SUBTOTAL 13,758 9,029 -247 23,363


             
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