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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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Analyst casts doubts on product carriers' 2020 hopes

Shipowners and analysts project solid demand growth for product tanker ahead of the new global sulfur regulations in 2020. But many elements remain uncertain, and there is a lack of concrete data, renowned analyst tells ShippingWatch.

K Line hedging its bets ahead of global sulfur cap

In a new report, K Line CEO Elzo Murakami points to various ways in which the Japanese shipping company plans to comply with the 2020 sulfur cap. The company was recently projected to be among the weaker players in terms of competition by that date.

China considers ban on open-loop scrubbers

It is far from certain that open-loop scrubbers will be approved in China once the country imposes stricter sulfur regulations from next year. Meanwhile, a large, German shipping company has just invested in open-loop scrubbers, which have faced harsh criticism in the industry.

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