Vessels chartered to a major energy company
Three vessels to be delivered with
LNG-powered tankers in TEN’s fleet increase to six
11 eco-friendly vessels to join the fleet
The vessels have an average employment of two years with fixed and profit-sharing features totaling over
TEN will fund the purchase with cash-at-hand and bank finance.
With this acquisition, TEN’s LNG-powered tankers, after the recent delivery of its four-new vessel program, increases to six, its scrubber-fitted vessels to 12, its vessels with ice-class capabilities to 17 and the pro-forma fleet to 72 diversified ships of all categories.
“Following the sale of 9 first generation vessels in the last 12 months and having initiated our LNG-powered tanker renewal program, we are delighted to acquire this modern eco fleet and underscore TEN’s commitment to operate environmentally-friendly vessels to meet the increasing demands of our blue-chip clientele,” Mr.
Nordea Corporate Finance, part of Nordea Bank Abp, filial in
TEN’s CURRENT GROWTH PROGRAM
# | Type | Delivery | Status | Employment | |
1 | Njord DF | Aframax Dual Fuel | Delivered | Yes | |
2 | Ran DF | Aframax Dual Fuel | Delivered | Yes | |
3 | Chios DF | Aframax Dual Fuel | Delivered | Yes | |
4 | Ithaki DF | Aframax Dual Fuel | Delivered | 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 72 double-hull vessels, including 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 8.8 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
President & COO
+30210 94 07 710
gsaroglou@tenn.gr
Investor Relations / Media
Capital Link, Inc.
+212 661 7566
ten@capitallink.com
Source: Tsakos Energy Navigation
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