Subscribe to RSS feedTeekay reports US$43m net loss
by
Martyn Wingrove - Lloyd's List
—
last modified
Nov 16, 2009 10:59 AM
Shipping conglomerate Teekay Corp fell deeper into the red in the third quarter after earnings were hit by this year’s dire tanker spot market rates.
Teekay reported a net loss of US$43m in the July-September period, compared with net profit of US$94m in the same quarter last year, as spot earnings fell below operating costs for most of the last four months.
The loss was worse...
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