rss icon Subscribe
desktop mobile

TEN Extends LNG Carrier Charter

Image: Tsakos Energy Navigation

Laxman Pai

The diversified tanker operator Tsakos Energy Navigation (TEN) announced the extension of one of its liquefied natural gas (LNG) carriers for a minimum one-maximum three-year period.

The Greek shipping company said that the new increased rate is set to commence in the first quarter of 2020 and expected to generate around $30 million of gross revenues.

"We are delighted to continue the employment of our LNG carrier to one of the industry's top names which highlights TEN's operational capabilities in this highly demanding sector," George Saroglou, Chief Operating Officer of TEN stated.

"The LNG sector continues to be an area of increasing interest to us and the recent newbuilding order is a testament to that. TEN's diversified fleet of crude, product, shuttle tankers and LNG carriers, provides management with the flexibility to choose the most accretive business in each segment, in today's strong tanker market environment," Saroglou concluded.

TEN's diversified energy fleet consists of 70 double-hull vessels (pro-forma), constituting a mix of crude tankers, product tankers and LNG carriers (including one LNG newbuilding option), totaling 7.8 million dwt.

Dec 5, 2019

 

LNG

Sleipnir Completes Largest Ever LNG Bunkering

Sleipnir takes on the world's largest ever LNG bunkering (Photo: Heerema)

The world's most powerful semi-submersible crane vessel received the largest liquefied natural gas

Fully Laden LNG Tankers Sit Idle Off Indian Ports after Force Majeure

© Wojciech Wrzesien/AdobeStock

At least five fully-laden liquefied natural gas (LNG) tankers are idling offshore India

MAN Cryo Develops Liquefied Methane Terminal in Swedish Port

MAN Energy Solutions has been comissioned to develope and construct a liquefied methane terminal in the port of Oxelösund, Sweden  (Photo: MAN Energy Solutions)

OxGas, a company fully owned by the Port of Oxelösund in Sweden has commissioned MAN Energy

Charter

Diana Fixes Sideris GS with Oldendorff

Sideris GS. Image: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a

Safe Bulkers Updates Charter Arrangements

Image: Safe Bulkers

International provider of marine drybulk transportation  Safe Bulkers said that two of its vessels

Dry Bulk Fleet Growth to Slow to 3.1% in 2020

Graph: BIMCO

The largest international shipping association representing shipowners, BIMCO said that it expects

Maritime Apps