Teekay Tankers' earnings slashed in half in Q2

Bermuda-based tanker carrier Teekay Tankers delivered a profit in the second quarter of this year, but it was far from the result achieved last year in the same period. The downturn is mainly attributed to poor rates for crude oil, states the management.

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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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