Midsize tanker volatility an ‘ongoing feature’ amid geopolitical environment: Teekay CEO
May 12, 2022 Comments Off
The volatility seen for Suezmaxes and Aframaxes following Russia’s Feb. 24 invasion of Ukraine will remain a constant in the months to come as the market adjusts to disruptions in trade flows, Teekay Tankers CEO Kevin MacKay said May 12. Freight for midsize Suezmax and Aframax tankers have been in flux since late February as European crude buyers look to…
Midsize tanker volatility an ‘ongoing feature’ amid geopolitical environment: Teekay CEO
The volatility seen for Suezmaxes and Aframaxes following Russia’s Feb. 24 invasion of Ukraine will remain a constant in the months to come as the market adjusts to disruptions in trade flows, Teekay Tankers CEO Kevin MacKay said May 12. Freight for midsize Suezmax and Aframax tankers have been in flux since late February as European crude buyers look to…
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