Teekay Tankers (TNK) Gains Following Delay in Carbon Tax for Shipping

The share price of Teekay Tankers Ltd. (NYSE:TNK) surged by 9.63% between October 10 and October 17, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Teekay Tankers Ltd. (NYSE:TNK) provides marine transportation services to the oil industry in Bermuda and internationally.

Teekay Tankers Ltd. (NYSE:TNK) was among the shipping stocks that surged this week after a majority of countries at the International Maritime Organization voted to postpone the decision on a global carbon price on international shipping by a year. While the UN-backed plan to decarbonize the shipping industry was supported by the European Union and other countries, including Brazil, it faced fierce opposition from Saudi Arabia and the Trump administration. The President called it a ‘scam tax’ and the State Department even threatened tariffs, visa restrictions, and port levies on countries supporting it.

The legally-binding carbon tax was part of the IMO’s efforts to adopt cleaner fuels, improve operational efficiency, and invest in low-emission technologies. The organization had earlier agreed in 2023 that the shipping industry, responsible for nearly 3% of the world’s CO2 emissions, would reach net zero emissions by around 2050.

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