In Hellenic Shipping News 18/08/2016
Source: Tsakos Energy Navigation
Second of nine vessels purposely built to service a Northern European charterer.
Gross revenues could exceed $100 million.
TEN Ltd. (NYSE:TNP), a leading crude, product and LNG tanker operator, today announced the delivery of the Aframax crude tanker “Thomas Zafiras” from Daewoo Mangalia Heavy Industries which will immediately enter a long term contract to a Northern European charterer that could generate gross revenues in excess of $100 million.
This is the second vessel in a series of nine purposely built Aframax tankers on long term time charters at accretive rates. TEN’s new building program continues later this month with the delivery of a Panamax LR1 tanker also chartered to long term accretive employment.
The majority of the Company’s new building vessels are built against long lasting time charters that secure revenue growth and dividend distributions.
Source: Tsakos Energy Navigation
