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Teekay Tankers expects rate recovery towards 2019

Canadian tanker carrier Teekay Tankers reduced its deficit in the fourth quarter and for the full year in a market where factors such as OPEC's output cap led to lower rates than normal. Scrapping may trigger a recovery in rates by the end of the year, says CEO.

Photo: Teekay

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Foreign companies go free in Icelandic cartel case

The competition authorities in Iceland are currently only focusing on Eimskip and Samskip in a protracted case about secret pricing agreements. Previously, the authorities indicated that there might be a connection to companies outside the country.

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