Over 700 Barges Stranded by Mississippi River Closure in Memphis Due to Bridge Crack
The U.S. Coast Guard said 44 vessels with a total of 709 barges are now in the queue as a 1-miles stretch of the Mississippi River remains closed after a...
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 68,580 members that receive our newsletter.
Have a news tip? Let us know.