Teekay Tankers: Strongest crude rates since 2008

Canadian carrier Teekay Tankers delivered the strongest rates for crude oil since 2008 in this year's third quarter. The development will continue in rest of 2015 and into to 2016, projects CEO.

Photo: Teekay

New York-listed Teekay Tankers ended the year's third quarter with an adjusted net profit of USD 40.3 million against just USD 2.6 million in the same period of 2014.

The significant increase is mainly due to the extremely strong market for crude oil, writes the tanker carrier in its financial report Thursday.

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