ShippingWatch

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.

Photo: Teekay Corporation / PR

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.

Revenue came to USD 482.8 million, up from USD 574.1 million in the second quarter 2019, shows the interim report Thursday.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Hapag-Lloyd upgrades its full-year forecast

Hapag-Lloyd upgrades its full-year forecast for 2021, as the container carrier's operating result increased by close to USD 3 billion in the first half of the year, according to preliminary figures released Friday.

Port congestion and sky-rocketing freight rates hit Barbie

The explosion in freight rates and historic shortage of capacity have a notable impact on global toy companies Mattel and Hasbro, the manufacturers of Barbie and Peppa Pig. Price increases and new production set-ups are among the responses.

Further reading

Related articles

Trial banner

Latest news

See all jobs