Teekay Tankers Ltd. Appoints Richard D. Paterson as Additional Director to Board of Directors
August 01, 2017 at 04:56 pm EDT
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Teekay Tankers Ltd. announced that Mr. Richard D. Paterson has accepted an invitation to join Teekay Tankers' Board of Directors and
its Audit Committee, effective August 1, 2017. Mr. Paterson recently stepped down from the Board and Chairmanship of the Audit Committee of Tidewater, the leading offshore vessel service provider to the oil and gas industry.
Teekay Tankers Ltd. is a provider of marine transportation to global oil industries. The Company is engaged in the business of owning and operating crude oil and product tankers. It provides vessel operation services for various vessels under the contracts with the Australian Government. Under these contracts the Company delivers all constituent support capabilities: vessel operations, engineering support, maintenance support, supply support, crewing and training and provide support services. The Company owns a fleet of approximately 45 double-hull tankers, including 25 Suezmax tankers, 10 Aframax tankers and nine LR2 product tankers. The Company also owns a very large crude carrier (VLCC) through a 50% owned joint venture. Its tanker segment consists of the operation of its tankers, including the operations from those tankers employed on full-service lightering contracts and the United State based ship-to-ship support service operations, including its lightering support services.