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...That could mean delays for companies such as SBM of the Netherlands, Japan’s Modec and US-listed Teekay Offshore, all of which depend heavily on their Brazilian contracts....
...Another tanker specialist, Teekay, is preparing to float a Norwegian-listed investment vehicle (Teekay International) solely to invest in smaller, used tankers....
...Mr Bugbee, who was worked nearly 30 years in the tanker industry, was previously the chief executive of OMI Corp, a listed tanker operator, which he sold to two rivals – the US’s Teekay and Denmark’s Torm...
...Teekay Tankers, a spinoff from the larger Teekay Corporation, said it intended to use the money from the transaction, due to be completed on Monday, to pay off debt....
...The company also took on significant extra debt in 2007 to finance the purchase of its share of OMI, a US-listed tanker operator that it took over jointly with Teekay, another US-listed tanker operator....
...North Sea explorer Xcite Energy climbed 7.6 per cent to 88¼p after signing a letter of intent with Teekay Shipping Norway....
...Bruce Chan, chief executive of Teekay Tankers, says 55 per cent of his company’s vessels’ time during the next 12 months is covered by already signed charters....
...Bruce Chan, chief executive of New York-listed Teekay Tankers, said a range of sizes of companies would suffer....
...El Paso Corp, which owns the longest US natural gas pipeline network, rallied1.6 per cent to $11.66 on news that Global Infrastructure Partners, an infrastructure fund backed by Credit Suisse and General...
...The Bloomberg Tanker Index - a basket of seven prominent tanker operators including Frontline, General Maritime and Teekay - soared 81 per cent, a prime beneficiary of robust demand for energy around the...
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