March 16, 2012
In a recent Reuters article, Teekay Tanker’s CEO Bruce Chan indicates “This quarter rates in general have been up… we expect this quarter to be better than the first quarter last year.”
“Overall for this year, we think that the supply and demand picture for tankers is balanced,” said Chan. Teekay Tankers shares were trading up 11 percent on Friday afternoon on the New York Stock Exchange.
Read the full Reuters article for more detail.
Visit www.teekaytankers.com for more information on Teekay Tankers (NYSE:TNK).