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Teekay books deficit for first quarter

Teekay Corporation, which covers Teekay Tankers and Teekay LNG Partners, exits the first quarter of 2020 with an overall deficit. The group's tanker business improved while LNG drags the result down.

Kenneth Hvid, CEO, Teekay Corporation. | Photo: Teekay Corporation / PR

Teekay Corporation, which operates in tanker and LNG, exits the first quarter in a deficit.

The Canada-based shipping group's bottom line shows a USD 49.8 million deficit against a USD 11.3 million profit for the same period in 2019.

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