![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.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,090 members that receive our newsletter.
Have a news tip? Let us know.
The sight of an aircraft carrier on the horizon can shift not only geopolitical conversations but entire military strategies. For decades, these colossal floating airbases – and the smaller carriers...
Billionaire Jared Isaacman and the Polaris Dawn crew made a triumphant return to Earth on Sunday, marking the end of a historic mission. The SpaceX Crew Dragon capsule splashed down...
By Alex Longley (Bloomberg) Greece’s navy has (once again) extended a series of naval drills by two months as the country tries to deter Russian oil transfers on its coastline. The...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 109,090 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
