Teekay Tankers sees sudden rate dive for crude oil
High rates provided Teekay Tankers with a profit in the fourth quarter, however, it is not enough to fix the whole year, which ended with an aggregate deficit. 2019 started well but has since gone downhill.
by SIMON VALEUR
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.
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