Tanker Market Recovery Won’t Begin Until 2014 Says Teekay [REPORT]

Teekay’s Research Manager, Christian Waldegrave provides a look back at what happened during the 2012 tanker market, and why it was really a “year of two halves” for the crude and the LR2 product tanker sectors.

He also provides a look ahead at 2013 and beyond. His positive view of 2014 mirrors much of what was mentioned on Tuesday at the New York Shipping Conference.