Teekay Corporation is a leading international marine transportation company that owns and operates a fleet of crude oil and refined product tankers, including Suezmax, Aframax, and LR2 vessels, primarily through a controlling economic interest in Teekay Tankers Ltd. The company generates revenue by chartering its vessels to major energy companies, oil traders, and government customers under spot market voyages, time-charter contracts, and full-service lightering operations that transfer cargo between vessels in the U.S. Gulf and Caribbean. Teekay also provides marine services in Australia, offering operations, maintenance, crewing, and engineering support under long-term government contracts, with a geographically diversified customer base that includes energy producers, petroleum refiners, and government agencies with no single customer exceeding 10% of revenues.