Teekay Tankers (LTS:0EAQ) Average Age of Fleet in Years : 0.00 (As of . 20)

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What is Teekay Tankers Average Age of Fleet in Years?

Average Age of Fleet in Years indicates the average age of fleet of this coompany. Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life.

The historical rank and industry rank for Teekay Tankers's Average Age of Fleet in Years or its related term are showing as below:

LTS:0EAQ's Average Age of Fleet in Years is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Average Age of Fleet in Years only.

Teekay Tankers Average Age of Fleet in Years Historical Data

The historical data trend for Teekay Tankers's Average Age of Fleet in Years can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Teekay Tankers Average Age of Fleet in Years Chart

Teekay Tankers (LTS:0EAQ) Average Age of Fleet in Years Explanation

Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life. Companies with a lower average age of fleet may also have a higher depreciation.

According to the data from statista.com, as of 2020, the average age of all ships in the world merchant fleet was just over 20 years. General cargo ships were the oldest type of vessels with an average age of around 26 years; likewise, over 65 percent of the world's cargo ships were older than 14 years, in contrast with over 18 percent of bulk carriers.

Teekay Tankers Average Age of Fleet in Years Related Terms

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Teekay Tankers (LTS:0EAQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (LTS:0EAQ) » Definitions » Average Age of Fleet in Years

Comparable Companies

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Traded in Other Exchanges

TNK:USA 3TKA:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.

Teekay Tankers (LTS:0EAQ) Headlines

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