Teekay delivers profit for second quarter: Coronavirus had minimal impact

Teekay Corporation, which covers Teekay Tankers and Teekay LNG Partners, turned a first quarter deficit into a profit for the second quarter. The biggest challenge created by the coronavirus is crew changes, says CEO Kenneth Hvid.

by KATRINE GRØNVALD RAUN

Teekay Corporation, which has activities in tanker and LNG, exits the second quarter with a profit of USD 21.7 million, against a deficit of USD 39.5 million in the same period last year.

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Teekay books deficit for first quarter
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