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VANCOUVER, British Columbia, Oct. 11, 2019 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) (NYSE:TK) announced that it has entered into an agreement with the Chestnut Joint Venture, a joint venture between Spirit Energy Ltd. and Dana Petroleum Ltd., to extend the employme...
Happening Now: Shipping Rates Are Surging - Stocks Are Responding But Still Lagging The Market. There Is Deep Value In Shipping! Overview The story since the Great Recession has been one of oversupply and historically bad rates for virtually all shipping segments at one time or another...
Before we begin, a quick comment on some developments in the tanker space. What a nice tanker rally it has been the past few days. Many of our positions like Teekay Tankers ( TNK ) and International Seaways ( INSW ) are performing exceptionally well, and are now in good profit-making territory...
Freight rates for U.S. crude tankers bound for Asia jumped to the highest in more than three years this week as U.S. sanctions on a China's COSCO cut vessel availability. More news on: Frontline Ltd., Teekay Corporation, Teekay Tankers Ltd., Energy stocks news, Read more ...
Major benchmarks gained ground on Monday, finishing the third quarter on an optimistic note. Investors have gotten whipsawed on various news items coming out of Washington, and today's more positive tone in trade relations with China improved market sentiment. Yet there were still some big chall...
Teekay Group says it is postponing its investor day event , scheduled for Oct. 2 in New York, "to fully focus on avoiding undue disruption to Teekay LNG's business from certain complex issues that have recently emerged." More news on: Teekay Corporation, Teekay LNG Partners L.P., Teekay T...
HAMILTON, Bermuda, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Teekay Corporation ( Teekay ) (NYSE:TK), Teekay LNG Partners L.P. ( Teekay LNG ) (NYSE:TGP), and Teekay Tankers Ltd. ( Teekay Tankers ) (NYSE:TNK) (collectively, the Teekay Group or the Company ) announced today that they have decided...
Key oil freight rates from the Middle East to Asia soared as much as 28% today, Reuters reports, as the global shipping market is rattled by U.S. sanctions on China's COSCO for alleged involvement in ferrying crude out of Iran. More news on: Frontline Ltd., Teekay Corporation, Teekay Tan...
Midstream stocks outpaced the S&P 500 and utilities this week in the face of falling oil prices and rising interest rates. MLPs were the best performers within midstream, benefiting from the "value rally" and also from Friday's MLP index re-balance announcement that essentially spreads aro...
Image Credit: Teekay LNG Partners, Q2-19 Presentation Teekay LNG Overview Teekay LNG Partners ( TGP ) controls the world's largest and most modern publicly-traded LNG shipping fleet with a $10B backlog of highly lucrative contracts. Despite Teekay trading weak along with other shipping...
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HAMILTON, Bermuda, March 17, 2022 (GLOBE NEWSWIRE) -- Seapeak LLC has declared cash distributions of $0.5625 per unit on the Company’s Series A preferred units (NYSE:SEAL PR A) and $0.5313 per unit on the Company’s Series B preferred units (NYSE:SEAL PR B) for the period from ...
HAMILTON, Bermuda, Feb. 25, 2022 (GLOBE NEWSWIRE) -- Seapeak LLC (formerly known as Teekay LNG Partners L.P.) ( Seapeak ) announces the following organizational updates. Conversion and Renaming Effective on February 25, 2022, Teekay LNG Partners L.P. ( TGP ) has co...
HAMILTON, Bermuda, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Teekay LNG Partners L.P. (the Partnership ) (NYSE: TGP) today announced that it completed the previously announced acquisition of the Partnership by investment vehicles managed by Stonepeak. All common units will convert into th...