Teekay sees ‘positive indicators’ for tanker market
US-listed company is counting on a recovery in the tanker market in the medium term, although the near-term outlook remains uncertain due to the reported rise in coronavirus cases
Teekay Tankers, which posted a $21m loss in the first quarter, has declared options to repurchase six vessels
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Second-half pick-up in refinery output and production expected to raise moribund freight rates for crude and product tankers
The owner and operator of 47 very large crude carriers and 28 suezmax tankers also raises the crewing crisis and says the deployment of elderly tankers to illicit trades is curbing scrapping
‘Demand [for crude] is partly being satisfied by drawing down on inventories, resulting in reduced demand for transportation,’ DHT said.
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