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

Tanker Trends

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

Benghazi Port Still Closed, Imports Rerouted

The commercial port in Libya's second city, Benghazi, remains closed due to fighting between pro-government and Islamist forces, forcing wheat imports to make a detour via Tobruk harbour,

EGAS Tenders for as many as 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior

LNG

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

EGAS Tenders for as many as 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Repair Ship Simulators 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: 0.1675 sec (6 req/sec)