NEW YORK (Bloomberg) — Bermuda-based Teekay Corp., the world's largest oil-tanker owner, said second-quarter profit fell 13 percent as rates to transport crude oil declined amid a global economic recession. Net income was $159.4 million, or $2.19 a share, from $183.4 million, or $2.50 a share, a year earlier, the company said yesterday. Revenue fell 34 percent to $532.5 from $810.8 million.

The results included items such as derivatives and gains on the sale of vessels and equipment that increased profit by $181.2 million, or $2.49 per share. Excluding these items, Teekay had a loss of $21.8 million, or 30 cents a share. On that basis, the average estimate of nine analysts compiled by Bloomberg was a loss of 71 cents a share.