Tsakos Energy Time Charter for Product Tankers

Wednesday, December 02, 2009

Tsakos Energy Navigation Limited (TEN) (NYSE:TNP) announced two year time-charters with profit sharing for four 2005-built handymax MR product tankers to an international oil entity starting promptly. The minimum revenue expected from these fixtures is estimated at $32m. Prior to these fixtures, the vessels were operating in the spot market.
 

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