|Teekay Tankers Ltd. is an international provider of marine transportation to global oil industries. The Company's business is to own crude oil and product tankers. The Company is wholly owned subsidiary of Teekay Corporation. The Company's operations are managed by Teekay Tankers Management Services Ltd., a subsidiary of Teekay Corporation, which provides to it commercial, technical, administrative and strategic services. As of February 1, 2013, the Company's fleet consisted of 30 vessels, including chartered-in vessels, and newbuildings on order. The Company owns a fleet of double-hull Aframax tankers, double-hull Suezmax tankers, product tankers and one very large crude carrier (VLCC). As of December 31, 2012, the Company owned 28 double-hulled conventional oil tankers, time-chartered in one Aframax vessel from a third party and owned a 50% interest in one VLCC newbuilding.