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Teekay Tankers warns of tough months ahead

The company’s fourth quarter of last year net loss widened to $73.3m from $44.4m amid lower spot rates, expired charters and more drydockings. But full-year profits rose because of the floating storage boom

Canada’s Teekay Tankers has signed a seven-year charter-in deal for an aframax newbuilding due for delivery in 2022. It predicts more hard months for tankers amid low oil demand, more ships trading and less cargo for them to carry

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