TEN, Ltd Announces New Charters for Two LNG Vessels
March 15 2019 - 1:59PM
TEN, Ltd (“TEN” or the “Company”) (NYSE:TNP) today 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.
“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,” Mr. 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,” Mr. Saroglou concluded.
ABOUT TSAKOS ENERGY
NAVIGATIONTEN, founded in 1993 and celebrating this year
26 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 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.
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:
CompanyTsakos Energy Navigation
Ltd.George Saroglou COO+30210 94 07 710gsaroglou@tenn.gr
Investor Relations / Media
Capital Link, Inc. Nicolas BornozisMarkella Kara +212 661
7566ten@capitallink.com
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