Your Trusted Commercial Manager | Teekay

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Your Trusted Commercial Manager

Teekay’s Revenue Sharing Agreement (RSA)

Our commercial management franchise is a one stop shop that can provide ship owners with the stable and regular cash flow they need, and the fair and transparent service they expect.

We trade your vessels like they are our own, and this has contributed to our historically strong performance. Unlike some of the other commercial managers operating in the tanker space, Teekay has real skin in the game.

While other pools exist to generate fees, our reason to exist is to create scale with consolidation because strength in numbers is key.  Teekay places all its own ships in its Suezmax and Aframax/LR2 pools. As an Owner we understand the consequences more and as commercial manager with our own ships, we are acutely aware of risks.

Your success is ultimately our success.

Benefits of Teekay’s Revenue Sharing Agreement:  

  • Global market earnings in volatile markets with ability in the upswings
  • Regular cash flow through monthly distributions
  • Long term impressive earnings history across all segments
  • Turn-key management of all commercial matters, including chartering, operations, and claims through our global network  
  • Sourcing the best quality bunkers to remain compliant with latest sulphur emissions standards
  • Fair and unbiased third-party pool pointing system  
  • Complete transparency through The Helm, our partner-only dashboard 
  • Access to Teekay’s Technical group with over 45 years of in-house ship management
  • Technical advice, including vetting guidance 
  • Insider access to Teekay research and market views 

The Helm Portal

As ship owners, we know our partners value transparency and real-time access to ship-related data. With The Helm, our partner-only dashboard, RSA partners have access to real-time commercial market data, vessel performance and voyage analysis.

Engage with your vessel and the RSAs – anytime, anywhere.

Key benefits of The Helm portal:

  • Detailed daily market reports from Teekay’s chartering desks; giving you real-time visibility of all internal fixtures & market fixtures

  • Access to historical & projected RSA TCEs

  • Downloadable monthly & quarterly mid-sized tanker market research

Contact Us to Learn More


RSA Points System

Our RSA Points System promotes fairness and transparency in our platform.
We ensure that all RSA participants understand how their vessels are pointed through our independent third party process.

The distribution process is fair and balanced, and we believe that is key to building trust.


Teekay RSA Management. A fair and transparent way to trade your vessel.

 

Our Services

  • Global Chartering

    The Teekay Chartering team is located in Houston, London, and Singapore to service the main tanker markets in the Atlantic, Pacific, Americas, and Europe. Our presence and expertise in these markets provides Teekay Chartering with the knowledge and agility to respond to changing market conditions. Our chartering desks optimize earnings for our pool partners by leveraging over 45 years of market knowledge and industry relationships as we service a variety of cargo contracts with one of the world’s largest mid-sized tanker fleets.

    Key benefits:

    • Marketing-leading earnings
    • Chartering strategies informed by in-house market intelligence
    • Triangulated voyages to limit time in ballast
    • Access to attractive cargos through our existing COAs
    • 45+ years of customer relationships with Oil Majors and traders

    Teekay Chartering. Optimized earnings through longstanding partnerships and global expertise.

  • Commercial Operations  

    Teekay Commercial Operations leverages over 45 years of operations and voyage management, with offices located in London, Houston and Singapore. Our global presence provides 24/7 support for all voyage, operational and claims matters.

    Key Services:

    • Assist chartering in pre-fixture operations with loadable quantities and questionnaires
    • Daily management of post-fixture activities
    • Efficient and competitively-priced bunker procurement
    • Always protect owners’ interests with respect to Bills of Lading, Letters of Indemnity, deviating on laden passage, and NOR
    • Timely issuance of demurrage and other re-billable claims such as OPA, heating/deviation claims, and taxes
    • Unlimited legal, commercial and claims advice 24/7 for any problem or claim
    • Management of problem claims up to the point of litigation or arbitration
    • Assembly and review of voyage expenses, including port expenses, demurrage and other commercial claims

    Teekay Commercial Operations. Bridging the operational gap to ensure voyages run smoothly, and on time.

  • Vetting Excellence

    Managing safety, quality, and environmental risks are a key component to successful ship operations. Our vetting team will guide and support RSA partners and their ships’ crew to ensure that vessels are fit-for-purpose.

    Our marine experts have over 25 years’ experience evaluating vetting inspections conducted by accredited inspectors, following the OCIMF (SIRE) programs. We have strong, trusted relationships with Oil Major vetting departments and OCIMF SIRE inspectors.

    RSA partners will gain access to our vetting expertise in:

    • Ensuring the suitability and compliance of all pool vessels for port calls and transportation of oil and gas
    • Managing safety and quality risks for pool vessels
    • Managing complex vetting issues

    Teekay Vetting. Managing Risk. Ensuring Safety. Protecting Earnings.

  • Technical Expertise

    Our technical team leverages over 45 years of shipyard and technical management experience with in-house and 3rd party ship management, new building design and shipyard management, dry docks, regulatory retrofits, and day to day technical requirements.

    As owners ourselves, we understand that the technical side of ship management can be daunting. Through our RSA, partners will conveniently receive the latest technical knowledge including changes in regulations or port requirements.

    Key Services:

    • Vessel efficiency, where we can help you maximize your RSA points rating
    • Knowledge sharing– access to Teekay technical management team

    Teekay Technical Expertise. Sharing over 45 years of knowledge so that we all succeed.

  • Market Intelligence

    Teekay Research provides key market insights specific to mid-sized segments.

    Our researchers work closely with the Teekay chartering desk to ensure that our well-rounded research-based market intelligence is used to help develop optimal trading strategies. Teekay’s dedicated research team provides RSA partners with the most up-to-date and relevant market information for mid-sized tanker owners.

    Together with our 2 integrated digital solutions, CRAFT and HELM, they power our RSA with real-time data and market analysis. RSA partners benefit from exclusive access to:

    • Teekay’s research team,
    • quarterly tanker market updates with our forward market view,
    • detailed daily market reports covering all transactions in the market,
    • projected earnings and distributions,
    • market assessments and commentary by the chartering teams,
    • fleet finances, operations data and historical fixtures and voyages for the fleet.

    Teekay Market Intelligence. Smart and in-depth tanker market knowledge guides the course.

  • Credit Facilities

    Teekay has exclusive credit facilities through Macquarie.

    RSA partners can access this facility to finance part of working capital requirements. This helps to reduce the huge capital amount upfront for potential partners.

  • Carbon Trading

    Teekay’s carbon trading desk secures competitively priced carbon units for ships that trade within the EU.

    With the EU’s decision to include shipping in their Emission Trading System, Teekay extends support to ship owners to ensure that their vessels will have carbon allocations that are priced competitively.

    Vessels that are part of Teekay’s RSA will benefit when Teekay trades these allocations (also known as EUA, EU Allowance) for owners whose ships are under commercial management. Teekay has a dedicated carbon emission trading desk to secure competitive prices instead of being subject to the volatile supply and demand of EUAs.

    Increased carbon emission regulations do not need to be a cause of concern for ship owners. Teekay is dedicated to ensuring that all commercial matters are addressed so that the ship can achieve optimal performance.

Our Fleet

View Fleet List

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Contact Us

  • Business Development
  • Aframax
  • Suezmax

Business Development

Matthew Blake

Director, Business Development

Ben Richards

Business Development Manager

Erik Brodersen

Business Development

Aframax

Dai Matsui

Director, Chartering & Freight Trading - Pacific

Eric Nagel

Director, Chartering & Freight Trading - Atlantic

Suezmax

Mikkel Seidelin

Director, Chartering & Freight Trading, Suezmax Department

Call Us

Singapore: +65 6692 9900
London: +44 (0) 207 3891 400
Houston: 832-366-0004
Vancouver: +1 604 683 3529