TEN Announces Sale of Aframax Tanker

Tuesday, June 21, 2011

Tsakos Energy Navigation Limited (TEN) has announced the sale of the 1991-built Aframax tanker Vergina II to third party owners. Vergina II, sister vessel of Victory III sold earlier in 2010, will be delivered to its new owners by the end of this month and will release approximately $1.8 million in free cash after repayment of outstanding debt.
 

Categories: People & Company News Ship Sales

Related Stories

AAPA Supports House Appropriations Bill with $538m for Port Infrastructure

US Grain, Soy Futures Drop After US-China Talks

Wittlin Named CEO of GLO Marine

Current News

Hormuz Disruption Drives Panama Canal Transits

Jotun's Hull Skating Solutions Receives DNV Verification

Rio Tinto Ships Eight Billionth Tonne of Iron Ore from the Pilbara

Third VLCC Exits Strait of Hormuz

Subscribe for Maritime Logistics Professional E‑News