Tanker operator Teekay reported a 15% drop in first quarter revenues on a year earlier. That was the second worst performance among the tanker operators after Euronav. Yet, it was 6% better than analysts had expected. That was due to increased long-haul U.S.-to-Asia shipping and better offshore energy asset usage. Panjiva analysis shows the tanker operators as an industry likely saw a 2% drop in revenues in the first quarter. Teekay management sees “headwinds” for utilization rates in tankers due to increased fleet size. That’s inline with most of its peers, but is a contrast to the more...