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The Future Of Shipping

May 27, 2011

Teekay President and CEO Peter Evensen spoke as a keynote for the Nor-Shipping conference on the Next Generation of Shipping. What does the future hold? “I see much more growth in niche areas, especially those related to offshore development,” said Evensen. “We are going to see (more) floating LNG terminals.” How about the state of the market? “We have to anticipate that 2011 and 2012 are potentially going to be fairly weak markets.” On a positive note, Peter Evensen states that “in shipping there is never a crisis, merely a lot of opportunities”.
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