Tsakos Time Charter for Aframax Product Tanker

Thursday, July 23, 2009

Tsakos Energy Navigation Limited (NYSE:TNP) announced a fixed rate time charter starting this week for the 2006-built double hull Aframax product tanker Promitheas for up to six months. Prior to this charter the vessel operated in the spot market.

With the addition of this new time charter, TEN’s fixed employment for 2009 and 2010 is 63% and 44%, respectively. Ignoring the potential for profit sharing and assuming only the minimum rates for the remaining operating days in 2009, TEN expects to earn at least $127m in incremental gross revenues. For 2010, based on the same assumptions, the minimum gross revenue already secured is estimated at $170m.

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

U.S. Coast Guard Responds to Collision Near Paducah

On-scene assessment teams have reported the maximum estimated potential clarified slurry oil released from the tug collision is now 250,000 gallons, Thursday. The

ICTSI Manila Starts Container Booking System

The Manila International Container Terminal (MICT) in the Port of Manila has started implementing a vehicle appointment system called Terminal Appointment Booking

RORO Ops by NYK for Ford Plants in India

In 2011, NYK Auto Logistics (India) Pvt. Ltd.(NALI)* was awarded a contract by Ford India for RORO terminal services of finished cars at Chennai and Ennore Port.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.3599 sec (3 req/sec)