Case Study

Teekay Corporation: Organized for success

10 pages
May 2008
Reference: IMD-3-1931

Teekay Corporation grew quickly from its founding as an operator of oil tankers in 1973. It soon started its own fleet which expanded to 60 by the time the founder died in the early 1990s. A 1995 IPO allowed the company to benefit from accessing capital markets. Within 10 years, Teekay became the master of the “marine midstream” concept in the tanker segment. That is, the transportation arena between oil and gas producing areas and downstream refineries, processing and distribution facilities. Shuttle tankers, floating production, storage and offtake units and transportation solutions for liquefied petroleum gas and compressed natural gas were in the firm’s field of expertise. Besides carving a niche for itself in the energy industry, Teekay pursued differentiating capital markets and financial innovations. The company’s organizational strategies and approach to funding were all designed to make the innate value of the firm’s total operations visible to investors. In this way, the firm could grow most efficiently and without limitations.

Learning Objective

To examine how a firm can assess its own strengths, weaknesses and place in the market and develop unique strategies that maximize its advantages. To take a look at differentiating capital markets and organizational strategies. How innovation can be applied to even traditional industries to great effect.

Keywords
Shipping, Marine Midstream
Settings
World/global, Canada
1973-2008
Type
Field Research
Copyright
© 2008
Available Languages
English
Related material
Teaching note
Case clearing houses
Contact

Research Information & Knowledge Hub for additional information on IMD publications

Discover our latest research
IMD's faculty and research teams publish articles, case studies, books and reports on a wide range of topics