Marine Link
Wednesday, October 26, 2016

TEN Sells Product Carrier Delos

June 4, 2004

Tsakos Energy Navigation Limited (TEN) announced the sale of the product carrier Delos to the Australian Navy. The Delos, scheduled for delivery later this month, is one of seven handysize sisterships built by the Hyundai Mipo shipyard in Korea scheduled for delivery to TEN between 2004 and 2007. In addition to the handy sized vessels, TEN also has six suezmax sister vessels on order for delivery between 2005 and 2007. The Company stated that it intends to take delivery of the remaining twelve newbuilding tankers. The sale price of the Delos resulted in a net profit of approximately $9 million, which will be recognized in the second quarter.

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News