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Teekay Tankers sees earnings slide

The OPEC deal to reduce oil output along with refinery maintenance and towering fleet growth resulted in lower earnings at Teekay Tankers. The Bermuda-based carrier expects a challenging 2017.

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Frontline hit by weakest tanker market in four years

Over the third quarter, John Fredriksen's tanker carrier Frontline rejected unreasonable offers from customers, especially for the large VLCCs, which had a negative impact on the result, says CEO Robert Hvide Macleod.

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