Teekay Corp. provides international crude oil and gas marine transportation services. It also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The company operates its business through four segments: shuttle tanker, FSO and offshore support, FPSO, liquefied gas, conventional tanker. The shuttle tanker, FSO and offshore support segment consists of shuttle tankers, FSO units, floating accommodation units and long-distance towing and offshore installation vessels. The FPSO segment consists of FPSO units and other vessels used to service its FPSO contracts. The liquefied gas segment consists of LNG and LPG carriers. The conventional tanker segment consists of conventional crude oil and product tankers. Teekay was founded by Jens Torben Karlshoej in 1973 and is headquartered in Hamilton, Bermuda.