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Teekay Marine Markets – Tanker Update, October 2018

Tanker spot rates have strengthened at the beginning of Q4-2018 due to an increase in OPEC production and strong seasonal demand. It is encouraging to see the return of volatility…

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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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