Tanker Market Update from Teekay: Q2 Rates Likely Lower as Refineries Go into Maintenance Period [VIDEO]

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May 8, 2012

High OPEC oil production, strong demand from China, and increased shipping from West Africa has added to tanker demand, however as far east refineries go into maintenance periods, demand for tankers will likely dip in Q2.

The following is the April 2012 tanker market update from Teekay’s Market Analyst Christian Waldegrave on the bridge on the Nassau Spirit.

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