Wednesday, December 1, 2021

New Charter Deal For Tsakos Energy Navigation

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TEN Obtains a New Long-Term Charter Deal

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Tsakos Energy Navigation (TEN) announced that they’ve obtained a new long-term three to five year charter deal with options for two VLCC’s.

The Greek-based company expects a max period revenue of over $110m.

COO of TEN stated, “As rate fundamentals turn positive, we are exploring similar opportunities with other high caliber clients which together with our vessels in the spot market and the delivery of our new LNG carrier next quarter, should allow TEN to fully participate in the tanker recovery going forward.”

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