Teekay’s Market Analyst Christian Waldegrave reports a low, but seasonally “normal” summer in the conventional tanker market, with not much improvement expected for the rest of this year. Looking ahead however, he sees a better supply/demand balance to develop into 2014.
Watch his full report here:
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Moran Towing Corporation has acquired Bisso Towboat Co., Inc. in a strategic move to strengthen its presence in New Orleans and the lower Mississippi River region, the company announced on...
A Finnish court dismissed a case on Friday against the crew of the Russian-linked tanker which damaged Baltic Sea cables last year, ruling prosecutors failed to prove intent and that alleged negligence must be pursued by the ship's flag state or the crew's home countries.
Russian warships have repeatedly sailed on collision courses, aimed weapons at Danish naval vessels and disrupted navigation systems in Denmark's straits that connect the Baltic Sea to the North Sea, its defense intelligence service said on Friday.
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