TEN Charters for Two LNG Vessels

March 15, 2019

Greek shipping company Tsakos Energy Navigation (TEN) announced new charters for two LNG carriers, the Neo Energy and the Maria Energy to significant international energy concerns for an aggregate period of 36 months.  

The total gross revenues from these two fixtures, over the duration of the respective contacts, is expected at about $60 million, said the provider of seaborne crude oil and petroleum product transportation services worldwide.

“LNG is on top of the agenda for TEN’s diversified energy fleet. With two vessels fixed on accretive medium-term charters, the Company is examining further expansion in the sector,” George Saroglou, COO of TEN commented.

“TEN’s model provides its clients with a broad range of vessel types, ranging from crude and product tankers to gas carriers. At the same time this diversity allows TEN to choose the best investment opportunities for growth,” Saroglou concluded.

TEN’s diversified energy fleet currently consists of 68 double-hull vessels, including two aframax and two suezmax tankers under construction, constituting a mix of crude tankers, product tankers and LNG carriers, totalling 7.5 million dwt.

Of the proforma fleet today, 48 vessels trade in crude, 15 in products, three are shuttle tankers and two are LNG carriers.

Logistics News

Copenhagen Malmö Port Names Kristian Durhuus as New CEO

Copenhagen Malmö Port Names Kristian Durhuus as New CEO

Baltic Index Rises to Highest in 2.5 Years

Baltic Index Rises to Highest in 2.5 Years

Brazil Wheat Forecast to Grow in 2026

Brazil Wheat Forecast to Grow in 2026

Million-Dollar Award Offered for Methanol First

Million-Dollar Award Offered for Methanol First

Subscribe for Maritime Logistics Professional E‑News

Austrian protesters close vital motorway linking Germany to Italy
Indian airline IndiGo reports quarterly loss due to capacity restrictions and declining rupee
China is against any country that uses freedom of navigation as a means to undermine China's sovereignty