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Teekay Corporation (Teekay) is a provider of international crude oil and petroleum product transportation services. With a fleet of over 200 vessels and offices in 16 countries, Teekay provides marine services to the oil and gas companies, helping them link their upstream energy production to their downstream processing operations. It operates in four business segments: offshore segment, liquefied gas segment, spot tanker segment and fixed-rate tanker segment. On June 8, 2007, the Company and A/S Dampskibsselskabet TORM (TORM) acquired, through a jointly owned subsidiary, all of the outstanding shares of OMI Corporation (OMI). OMI was an international owner and operator of tankers, with a total fleet of approximately 3.5 million deadweight tons (dwt) and consists of 13 Suezmax tankers (seven of which it owned and six of which were chartered-in) and 32 product tankers, 28 of which it owned and four of which were chartered-in.(Source: 20-F)