![Teekay Expects Tanker Supply and Demand to Remain Even into 2013 [REPORT]](https://gcaptain.com/wp-content/uploads/2012/09/Picture-82.jpg)
Teekay’s Market Analyst Christian Waldegrave gives his September 2012 conventional tanker market update while attending the Jefferies Conference in New York on September 5th.
Waldegrave notes we are well into the Q3 “summer doldrums” where tanker rates have dropped due to seasonal reasons. Rates have been further depressed however, due to stockpiling events which occurred earlier in the year, especially in Asia as a hedge against potential Iranian supply disruptions, as well as for strategic reasons.
For more of his insight, watch the following video:
The following are images from Teekay’s marine markets Powerpoint presentation given at the conference, please click HERE to download the presentation its entirety.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
European ferry operator Stena Line is set to acquire Swedish-Finnish ferry service Wasaline, expanding its Baltic Sea operations to five routes while advancing sustainable shipping initiatives in the region. The...
French shipping giant CMA CGM announced the registration of ten newbuild 24,000 TEU liquefied natural gas (LNG) dual-fuel containerships under the French flag, marking one of the largest commitments to...
China has completed 43 successful manned submersible dives during its 2025 Arctic expedition, including coordinated missions using two crewed deep-sea vehicles, the country’s Ministry of Natural Resources announced.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
