Teekay Tankers affected by "historically weak" spot rates in third quarter

Canadian tanker company Teekay Tankers goes deeper into the red in the third quarter as a result of "historically weak" spot rates for crude oil. Fourth quarter will come with improvements, and the CEO sees positive signs despite uncertainties related to Covid-19.

by DANIEL LOGAN

Teekay Tankers cannot escape the effects of the weak tanker market, which has triggered substantial deficits for most dry bulk operators in 2021.

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