Green initiative newbuilding program on track
The Eurochampion 2004 which was debt free, will contribute approximately
“The sale and delivery of these three vessels constitute another milestone for TEN as it highlights the Company’s commitment to fleet renewal by combining profitable vessel divestments with deliveries of high-end “green” vessels on long-term contracts,” Mr.
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 67 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 8.2 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
Visit our company website at: http://www.tenn.gr
Source: Tsakos Energy Navigation
2024 GlobeNewswire, Inc., source