Dirty Tanker Rate Relief Set to Come in Q4, but Full Recovery Elusive: Teekay

After facing historically low dirty tanker freight in the third quarter, Teekay Tankers expects that Q4 will continue to bring a long-awaited rate rally to the market.

Register Now But the impact of firming fundamentals will be subdued as global oil demand recovery remains volatile amid a global pandemic environment and as skyrocketing oil prices leave shipowner earnings at a disadvantage.