Teekay Marine Markets -Tanker Update, December 2018

Tanker rates are exiting 2018 on a high note, with rates at 2-3 year highs across all segments. However, OPEC supply cuts from Jan’19 may introduce some rate volatility during the early part of next year. The outlook for 2H-2019 and 2020 appears firm due to strong underlying demand, an expected increase in long-haul US crude oil exports, the positive impact of IMO 2020, and continued low tanker fleet growth.

Forward Looking Statements

This content contains forward-looking statements which reflect the Company’s current views with respect to certain future events and performance, including statements regarding: tanker market fundamentals, including the balance of supply and demand in the tanker market, and spot tanker charter rates. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: changes in spot market tanker rates; changes in the production of or demand for oil; changes in trading patterns significantly affecting overall vessel tonnage requirements; greater or less than anticipated levels of tanker newbuilding orders or greater or less than expected level of tanker scrapping; changes in applicable industry laws and regulations and the timing of implementation of new laws and regulations; changes in the typical seasonal variations in tanker charter rates and other factors discussed in Teekay Tankers’ filings from time to time with the United States Securities and Exchange Commission, including its most recent Annual Report on Form 20-F and subsequent Reports on Form 6-K for the quarterly periods ended thereafter. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.

[LauraGomez-hspk]

not planning to release jan and feb 2019?

[cryptocurrencyconnect]

Oil Super Volatile! Venezuela needs those Shipments! Mexico needs that Gas! Lock in those rates for MidSize Tanker Rates for over 30k for 1-3 years! Kevin Mackay - Chief Executive Officer
Stewart Andrade - Chief Financial Officer

[stepsonsam]

Are you ever going to release aanother tanker update? It’s been three months now since the last one. Cmon Christian.

[stepsonsam]

Please do a buyback at $1.00. TK did one at $1.50 in 2017 symbolic buyback.

[jameslardakis]

I haven't heard of these numbers since the bounce to 2015. Glad that Bunker Fuel was filled at the low:)