Teekay Tankers Chief Executive Kevin Mackay was correct when he predicted in November that the fourth quarter would mark at least a temporary end to the miserable state of affairs that characterized the tanker market in the first half of 2018.
In the fourth quarter, Teekay Tankers more than doubled its revenue from USD 105 million to USD 240 million, relative to the same quarter of 2017, shows the carrier's annual financial statement.
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