Tsakos Charters Modern Handysize Product Tanker

Thursday, September 09, 2010

Tsakos Energy Navigation Ltd. (TEN) (NYSE: TNP) announced a three-year time charter for a modern, double hull, handysize product tanker to a major South American state oil company. This charter is expected to generate gross revenues in excess of $14m during the corresponding charter period. Prior to this fixture the vessel was operating in the spot market.

"This fixture to a charterer that the company has developed a longstanding strategic relationship with, is a testament to our vessels' operational capabilities and reaffirms our confidence in an improving environment, particularly for product tankers," Nikolas P. Tsakos, President & CEO of TEN stated. "The recent appetite of charterers in all segments of the tanker market is encouraging and falls in line with our stated policy for medium to long term charters to well known oil concerns. We are confident that following this charter and in view of the size and quality of our fleet the Company will be in position to announce further fixtures in the near future that will provide the Company with additional layers of secured revenues for the years to come."
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ABS’ Wiernicki Addresses SUNY Maritime Grads

ABS Chairman, President and CEO Christopher J. Wiernicki addresses SUNY Maritime College graduates, awarded honorary Doctor of Science   Christopher J. Wiernicki,

Moody's Dings Hurtigruten's Outlook Due to Newbuilds

Moody's Investors Service, (Moody's) issued a press release affirming the B2 corporate family rating (CFR), B2-PD probability of default rating, and the B2 senior

ShipDC Launches with New Leader at the Helm

Ship Data Center Co., Ltd., a wholly owned subsidiary set up by ClassNK, has officially commenced operations of its big data center, ShipDC, from April 2016. Taking

Vessels

Crewboat Built with Italian Flair

Newly built Crewboat represents excellence in Italian design, quality in construction   There is something about Italian products, from consumer goods to industrial objects,

New Pilot Boat Delivered to Sabine Pilots

Sabine Pilots in Port Arthur, Texas has received a new all-aluminum pilot boat, Port Arthur.   With a deep-V hull designed by C. Raymond Hunt Associates, the

Crowley Christens Third LNG-ready Product Tanker

Crowley Maritime Corporation christened the third of four new LNG-ready Jones Act product tankers at a May 5 ceremony at the Julia Street Cruise Terminal in New Orleans.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Sonar 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: 0.0899 sec (11 req/sec)