TEN Announces Delivery of Tankers

Wednesday, May 31, 2006
Tsakos Energy Navigation Ltd. (TEN) announced the delivery of the 1A ice-class 116,000 dwt Aframax product tanker Proteas and the 1A ice-class 36,660 dwt Handysize product tanker Antares from Hyundai Heavy Industries and Hyundai Mipo Dockyard, respectively. Upon delivery, the Proteas, one of the largest product tankers in the world and one of the three Aframax tankers recently acquired from Western Petroleum, entered a spot related voyage carrying naptha. The Antares entered a three-year time charter with a major Far Eastern entity for a minimum rate that exceeds the vessel's all-in breakeven rate. The charter also calls for a 50:50 split on the upside if rates exceed a specified level above the minimum. For the duration of the charter, the minimum rate of the Antares should provide the company with an additional $16 million in gross revenue.
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

NORDEN Publishes CSR Report

Dampskibsselskabet NORDEN A/S has published its Corporate Social Responsibility (CSR) report 2014. Entitled, “On track”, the CSR report presents an overview of NORDEN’s CSR strategy,

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

Vessel Sales: February 2015

Vessel sales for February 2015  - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built -  - (Age)

 
 
Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1027 sec (10 req/sec)