Tanker Market Updates

Watch Teekay’s Research Manager, Christian Waldegrave, on his monthly updates on the tanker market. For current tanker rates, visit Teekay Tankers website.

Forward Looking Statements

This presentation contains forward-looking statements which reflect management’s current views with respect to certain future events and performance, including statements regarding: the crude oil and refined product tanker market fundamentals, including the balance of supply and demand in the tanker market; the expectation that the Company will generate strong cash flow; the timing and certainty of the expected delivery dates of the remaining Suezmaxes; the Company’s financial position and intention to return all excess capital to shareholders; and the expected effect of any acquisitions on the Company’s financial results. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: changes in the production of or demand for oil; changes in trading patterns significantly affecting overall vessel tonnage requirements; greater or less than anticipated levels of tanker new building orders and deliveries or greater or less than anticipated rates of tanker scrapping; changes in applicable industry laws and regulations and the timing of implementation of new laws and regulations; changes in interest rates and the financial markets; delays in the delivery of any new vessels; increases in the Company’s expenses, including any dry docking expenses and associated off-hire days; and other factors discussed in Tanker Investments Ltd.’s filings from time to time with the Financial Supervisory Authority of Norway. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.