Canada's Teekay Tankers projects better rates in 2018

Teekay Tankers reports weak tanker rates in the spot market in the third quarter, a fact which was reflected on the bottom line. Since then, rate levels have shown "a significant uptick" in the fourth quarter, says CEO.

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Nordic shipowners see multiple problems with speed limit

Danish Shipping and the Norwegian Shipowners' Association think that there are many potential pitfalls in implementing a speed limit for vessels in order to reduce their greenhouse gas emissions. The discussion of a speed limit was instigated by the new ECSA chairman.

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