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 September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

More German Shipowners Look to Gibdock for Repairs

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent

Tankship Owners TORM Get Credit Facility Extension

Denmark-based TORM say that all lenders have supported the agreement to extend the existing Super Senior Working Capital Facility by six months until 31 March 2015

Iraqi Kurdistan Oil Shipments Reach 8.8m Barrels

Iraqi Kurdistan has shipped 8.8 million barrels of oil from the Turkish port of Ceyhan since May, Turkish Energy Minister Taner Yildiz said, as the autonomous region

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Port Authority Salvage Ship Electronics Ship Simulators Sonar Winch
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: 0.1729 sec (6 req/sec)