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Teekay Tankers Ltd V.TNK


Primary Symbol: TNK

Teekay Tankers Ltd. is a Bermuda-based company. The Company's primary business is to own and operate crude oil and refined product. operates mid-sized tankers. In addition, to its core business, the Company also provide STS support services, along with its tanker commercial management operations. The Company owns a fleet of approximately 42 double-hull tankers, including 24 Supermax tankers,18 Aframax/LR2 tankers, and has six time chartered-in tankers. Its vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time charter contracts. The Company also owns a crude carrier (VLCC) through a 50% owned joint venture. It owns a ship-to-ship transfer business that performs full-service lightering and lightering support operations in the United States, Gulf, and Caribbean.


NYSE:TNK - Post by User

Bullboard Posts
Post by vsniffelon Nov 26, 2004 2:04am
77 Views
Post# 8230613

minister of mines

minister of mines President Joseph Kabila has suspended six ministers from DR Congo's interim government after they were accused of embezzling millions of dollars. Mr Kabila's move came after a parliamentary inquiry accused the ministers and at least 10 heads of state-run firms of corruption. The suspended ministers include former rebels, former opposition leaders and members of Mr Kabila's own party. Elections are due next year as part of the transition from war to peace. The ministers for mines, energy, trade, public construction, higher education and transport are among those suspended on Mr Kabila's orders. "In line with the prerogatives invested in me by the transitional constitution to uphold the laws of the republic and in the light of the serious suspicions weighing on these ministers, I have decided to suspend them," he said in a statement on state-run television. QUICK GUIDE The war in DR Congo His action came a day after he received a report compiled by a parliamentary commission of investigation. The report accused the ministers of embezzling millions of dollars. Last month, there was widespread shock after a leaked audit revealed that some managers of state companies were earning up to $25,000 a month. Most workers in DR Congo, which is trying to emerge from years of conflict and misrule, earn about $50 a month, if they are paid at all. Allegations of corruption are widespread in DR Congo but it is the first time that they have led to concrete measures, says the BBC's Arnaud Zajtman in Kinshasa. Mr Kabila has led a government of national unity since 2003 and his main task is to guide the country to elections scheduled for June next year.
Bullboard Posts