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Teekay Tankers Ltd   (TNK)
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Teekay Tankers Ltd 's

Competitiveness


 

TNK Sales vs. its Competitors Q4 2020



Comparing the results to its competitors, Teekay Tankers Ltd reported Total Revenue decrease in the 4 quarter 2020 year on year by -6.09 %, despite revenue increase by most of its competitors of 3.49 %, recorded in the same quarter.

List of TNK Competitors

With net margin of 9.85 % company achieved higher profitability than its competitors.

More on TNK Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Teekay Tankers Ltd Net Income in the 4 quarter 2020 grew year on year by 111.1 %, slower than its competitors income growth of 153.96 %

<<  More on TNK Income Comparisons


Teekay Tankers Ltd 's Comment on Competitors and Industry Peers


We compete in the Suezmax (120,000 to 199,999 dwt) and Aframax (80,000 to 119,999 dwt) crude oil tanker markets. Our competition in the Aframax and Suezmax markets is also affected by the availability of other size vessels that compete in these markets. Suezmax size vessels and Panamax (55,000 to 79,999 dwt) size vessels can compete for many of the same charters for which our Aframax tankers compete; Aframax size vessels and VLCCs (200,000 to 319,999 dwt) can compete for many of the same charters for which our Suezmax tankers may compete. Because of their large size, VLCCs and Ultra Large Crude Carriers (320,000+ dwt) (or ULCCs) rarely compete directly with Aframax tankers, and ULCCs rarely compete with Suezmax tankers for specific charters. However, because VLCCs and ULCCs comprise a substantial portion of the total capacity of the market, movements by such vessels into

Suezmax trades and of Suezmax vessels into Aframax trades would heighten the already intense competition.
We also compete in the LR2 (80,000 to 119,999 dwt) and MR (40,000 to 59,999 dwt) product tanker markets. Our competition in the LR2 and MR product tanker markets is affected by the availability of other size vessels that compete in these markets. Long Range 1 (LR1) (60,000-79,999 dwt) size vessels can compete for many of the same charters for which our LR2 tankers compete; LR1 and Handysize (25,000 – 39,999 dwt) vessels can compete for many of the same charters for which our MR tankers may compete.

Seaborne transportation of crude oil and refined petroleum products are provided both by major energy companies (private as well as state-owned) and by independent ship owners. The desire of many major energy companies to outsource all or a portion of their shipping requirements has caused the number of conventional oil tankers owned by energy companies to decrease in the last 20 years. As a result of this trend, independent tanker companies now own or control a large majority of the international tanker fleet.





  

Overall company Market Share Q4 2020

Overall company, revenue fell by -6.09 % and company lost market share, to approximate 10.55 %.





<<  More on TNK Market Share.
 

*Market share calculated with total revenue.


TNK's vs. Competition, Data

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



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Teekay Tankers Ltd 886 0 87 1,239
Seacor Holdings Inc 754 968 23 4,901
Navios Maritime Acquisition Corporation 361 55 27 1
Overseas Shipholding Group Inc 0 0 0 890
Teekay Corp 1,816 0 91 6,800
Teekay Lng Partners L p 591 0 97 5,561
Gener8 Maritime, Inc. 323 539 -169 85
Golar Lng Limited 440 1,127 -168 30
Sfl Corporation Ltd 471 964 -224 7
Capital Product Partners L p 141 0 30 1
Frontline Ltd 1,221 1,559 413 118
Golden Ocean Group Limited 608 1,273 -138 25
Top Ships Inc 60 35 -23 1
Nordic American Tankers Ltd 355 494 50 21
Ultrapetrol Bahamas Ltd 0 0 0 1,614
Stealthgas Inc 145 0 12 758
Tsakos Energy Navigation Limited 644 0 27 1
Athena Gold Corp 220 278 -6 802
Caspian Services Inc 26 0 10 400
Dynagas Lng Partners Lp 137 97 34 1
Dorian Lpg Ltd 312 757 78 50
Navigator Holdings Ltd 301 627 -17 37
Sino global Shipping America Ltd 5 38 -17 20
SUBTOTAL 9,818 8,810 220 23,363


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