Teekay Corp reported a deeper-than-expected fourth quarter loss as the New York-listed shipowner announced a pair of FPSO contract extensions.
The parent of the Vancouver-headquartered Teekay group reported a loss of $2.7m for the fourth quarter, reversing a $38.2m profit for the same period of 2015, factoring out portions of its spinoffs that Teekay Corp does not own.
The adjusted distributable cash flow of negative $0.13
