TEN Delivers Tanker

Wednesday, March 01, 2006
Tsakos Energy Navigation Limited announced the delivery of the 162,400dwt 1A Ice-Class double-hull crude oil tanker Alaska from Hyundai Heavy Industries in South Korea. The vessel is the second in a series of eight 1A ice-class vessels the Company is building and the seventh ice-class tanker to join TEN's existing fleet. The Alaska was fixed at delivery for a repositioning voyage to the Atlantic by a European state oil company at an accretive rate. Current intentions are for the vessel to operate in the spot market to take advantage of current firm rates. With the addition of the Alaska, TEN now has three out of eight modern Suezmaxes operating in the spot market with the remaining five operating on time charters and profit sharing arrangements.

TEN also announced the placement of a newbuilding order for a 105,000 dwt Aframax tanker at Sumitomo Heavy Industries, Ltd. of Japan to be delivered in the second half of 2008. This latest order is a sister vessel to the three other Aframaxes also being built for TEN by Sumitomo.

The next newbuilding expected to join TEN's fleet is the 1A ice-class product tanker "Antares" which is scheduled to be delivered from Hyundai MIPO shipyard in South Korea on June 5, 2006.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Ceremony Marks the Construction of 5 American Tankers

General Dynamics NASSCO and City of San Diego Mayor Kevin Faulconer today signaled the start of construction of five American Petroleum Tankers at a steel cutting ceremony for the first tanker,

Britain Loses Europe's Gas Trading Crown to the Dutch

Britain has been topped by the Netherlands as Europe's leading natural gas trading hub this summer, ending decades of British dominance in the sector. Britain

American Maritime Industry Booming Testifies AMP

The U.S. House Subcommittee on Coast Guard and Maritime Transportation today heard first hand about America’s booming domestic maritime industry from Mark Tabbutt,

LNG

Poland Received Less Gas Than Requested from Gazprom

Poland's gas pipeline operator Gaz-System said the country received about 20 million cubic metres of natural gas on Friday from the eastern direction, less than

Britain Loses Europe's Gas Trading Crown to the Dutch

Britain has been topped by the Netherlands as Europe's leading natural gas trading hub this summer, ending decades of British dominance in the sector. Britain

MTU Shows SMM it's Ready for IMO Tier lll

The Rolls-Royce brand MTU is showing its concepts at the current SMM, Hamburg, in response to the IMO Tier III emission standard which is due to come into force in 2016.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1066 sec (9 req/sec)