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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.

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