Canada's Teekay profits from growing LNG demand

Teekay Corporation recorded growth in the first quarter, despite a continued weak tanker market. Rising demand for LNG plays an important role in the progress.

Photo: Teekay Corporation / PR

Canadian tanker group Teekay Corporation made progress in the first quarter of the year, despite a continued weak tanker market.

The company lands a net profit of USD 30 million from a quarterly revenue of USD 359 million, according to the interim report.

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

Argentine port workers strike for access to Covid-19 vaccines

Nine unions representing Argentine port workers have announced a 24-hour strike in protest against the lack of access to coronavirus vaccines. The strike takes place amidst a new coronavirus outbreak in the country, which is a major dry bulk exporter.

Tradelens hopeful that major Maersk rivals will soon be integrated

Hapag-Lloyd and ONE continues to be absent on the digital platform Tradelens even though they announced they would join two years ago. "We are hopeful that they will be joining very soon," says Head of Tradelens Mike White. Hapag-Lloyd expects to make a decision soon.

Further reading

Related articles

Latest news

See all jobs