Tsakos Energy Navigation
Ltd. (TEN) announced the delivery of the 1A
ice-class 162,400 dwt Suezmax tanker Arctic from South Korea's Hyundai
Heavy Industries. The introduction of the Arctic raises the company's
Suezmaxes to nine of which five are of ice-class design. With the Arctic,
the fleet's total ice-class capacity in the water now stands at 18 vessels.
Upon delivery, the Arctic will enter a forty-day repositioning charter with a major end-user at an attractive rate.