Greenship initiative commences – 10 vessel program on track
The gross revenues from this four-vessel industrial program are expected to reach
“We are both excited and honored to take on-board such a high-end green vessel against long term employment to a globally renowned environmentally sensitive group. The choice of TEN to build and operate such state-of-the-art vessels is a testament to the Company’s experience and operational excellence in not only optimally operating modern vessels over the decades but also in efficiently managing the construction phase while safeguarding a timely delivery,” Mr.
TEN’s CURRENT GROWTH PROGRAM
# | Type | Delivery | Status | Employment | |
1 | TBN | Aframax LNG powered | Delivered | Yes | |
2 | TBN | Aframax LNG powered | Q4 2023* | Under Construction | Yes |
3 | TBN | Aframax LNG powered | Q1 2024* | Under Construction | Yes |
4 | TBN | Aframax LNG powered | Q1 2024* | Under Construction | Yes |
5 | TBN | DP2 Shuttle Tanker | Q2 2025* | Under Construction | Yes |
6 | TBN | DP2 Shuttle Tanker | Q2 2025* | Under Construction | Yes |
7 | TBN | Suezmax – Scrubber Fitted | Q2 2025* | Under Construction | Under Discussion |
8 | TBN | Suezmax – Scrubber Fitted | Q4 2025* | Under Construction | Under Discussion |
9 | TBN | MR – Scrubber Fitted | Q1 2026* | Under Construction | Under Discussion |
10 | TBN | MR – Scrubber Fitted | Q1 2026* | Under Construction | Under Discussion |
*Expected delivery as per shipbuilding contracts
ABOUT TEN
TEN, founded in 1993 and celebrating this year 30 years as a public company, is one of the first and most established public shipping companies in the world. TEN’s diversified energy fleet currently consists of 68 double-hull vessels, including four dual-fuel LNG powered aframax vessels, two DP2 shuttle tankers, two scrubber-fitted suezmax vessels and two scrubber-fitted MR product tankers under construction, constituting a mix of crude tankers, product tankers and LNG carriers, totaling 8.4 million dwt.
ABOUT FORWARD-LOOKING STATEMENTS
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
For further information, please contact:
Company
COO
+30210 94 07 710
gsaroglou@tenn.gr
Investor Relations / Media
Capital Link, Inc.
+212 661 7566
ten@capitallink.com
Source: Tsakos Energy Navigation
2023 GlobeNewswire, Inc., source