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Teekay Marine Markets – Tanker Update, November 2018

Crude tanker spot rates are currently at 2-year highs due to record high oil supply from Saudi Arabia, Russia and the US. Tanker supply and demand fundamentals look positive for…

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Tanker Scrapping in Q1-2018 was the Highest in Over 35 years

Tanker scrapping has started 2018 with a bang, as a combination of low freight rates, high scrap prices, an aging tanker fleet, and the impact of upcoming vessel regulations have…

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Established in 1973, Teekay has developed from a regional shipping company into one of the world’s largest marine energy transportation, storage and production companies. We bring energy where it is needed to power the global economy and to improve people’s lives. The breadth of our conventional fleet enables us to meet our customers’ needs through chartering spot or fixed rate, crude or clean and ship-to-ship transfer services.

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