TEN Announces Charter Extension for Tanker

Maritime Activity Reports, Inc.

June 21, 2006

Tsakos Energy Navigation Ltd. announced a three-year charter extension for its 2005-built double-hull 1C ice class Suezmax tanker Euronike to a large independent United States refiner, who has employed the vessel for the past twelve months since her delivery from the shipyard. The charter rate for the extension compares favourably to rates for similar duration charters for similar modern tonnage in the market. Gross revenues for this vessel are expected to exceed $40 million over the corresponding charter period.
Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week

Subscribe for Maritime Reporter E-News