Top 5 LPG Shipping Companies in the World

2. Teekay Corporation (NYSE:TK)

Revenue as of 2021: $682 million

Teekay Corporation (NYSE:TK) is an oil, gas, and dry bulk shipping company. The firm is headquartered in Bermuda, and it has a fleet of 55 vessels.

Teekay Corporation (NYSE:TK) earned $682 million in revenue last year, and the firm is heavily discounted if we consider its Net Asset Value (NAV) as of August 2022. The NAV stands at $6.11 per share, which is significantly lower than the current share price of $4.29. Additionally, the firm has a market capitalization of $435 million, 68% of which is covered by its net cash position of $295 million –  a strong indicator of Teekay Corporation (NYSE:TK)’s ability to generate value that is equivalent to its market valuation.

Teekay Corporation (NYSE:TK)’s largest investor is Jim Simons’ Renaissance Technologies which owns 2.2 million shares that are worth $6.5 million.

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