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

Tanker Trends

Libya Reaches Deal to Reopen Brega Oil Port

Libya state oil company National Oil Corp (NOC) has reached a deal with security guards to end a protest at eastern Brega oil port, which is expected to allow the terminal to reopen on Tuesday,

Tankship Market & Return of Contango: Analysis

This week, the Brent price curve moved into contango on what was reported to be short-term physical oversupply. In their latest 'Tanker Opinion', Poten & Partners

Bug-O Sees Increased Demand for Zipper Welder

The zipper welder has been in the Bug-O repertoire for quite some time, but the company said it has recently seen a larger demand for it due to increased tank production worldwide.

LNG

EXXONMOBIL Files Export Application for Alaska LNG Project

In another important step forward for the Alaska LNG project, an application to export liquefied natural gas (LNG) was submitted to the U.S. Department of Energy by EXXONMobil.

Bureau Veritas Kick-starts LNG Bunkering

International classification society Bureau Veritas has published a comprehensive set of guidelines on LNG Bunkering, with the aim of speeding adoption of LNG as

Port of Antwerp to Set Up LNG Bunkering

It would be possible for barges to fill up with LNG at a permanent bunkering station in the port of Antwerp by the beginning of 2016. Truck-to-ship bunkering is already possible,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pipelines Port Authority Ship Simulators Shipbuilding / Vessel Construction 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: 0.1172 sec (9 req/sec)