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International Tankers and Gas

Loss-making Teekay Tankers feels spot market pain

Aframax and suezmax tanker owner reports second-quarter net loss of $129.1m, which includes vessel writedowns of $86.7m

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Spot market exposure leads to Teekay see its earnings falling even further thus far into the third-quarter. The company says that ‘leading indicators for a tanker market recovery continue to improve’

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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