Green-growth initiative program in progress
Strong tanker market fundamentals
All these vessels are employed on time-charter contracts with profit-sharing provisions, with expected minimum gross revenues in excess of
“We welcome these environmentally friendly tankers in TEN which bring us closer to our goal for a full “green” fleet by 2030. These new acquisitions increase TEN’s cash generating prowess while further deepening its environmental footprint in the ever-evolving energy space,” Mr.
TEN’s CURRENT NEWBUILDING PROGRAM
# | Type | Delivery | Status | Employment | |
1 | DP2 Shuttle Tanker | Q2 2025* | Under Construction | Yes | |
2 | DP2 Shuttle Tanker | Q2 2025* | Under Construction | Yes | |
3 | Anfield | DP2 Shuttle Tanker | Q3 2026* | Under Construction | Yes |
4 | TBN | Suezmax – Scrubber Fitted | Q2 2025* | Under Construction | Under Discussion |
5 | TBN | Suezmax – Scrubber Fitted | Q4 2025* | Under Construction | Under Discussion |
6 | TBN | MR – Scrubber Fitted | Q1 2026* | Under Construction | Under Discussion |
7 | TBN | MR – Scrubber Fitted | Q1 2026* | Under Construction | Under Discussion |
8 | TBN | Panamax LR1 | Q2 2027* | Under Construction | Under Discussion |
*Expected delivery as per shipbuilding contracts
ABOUT TEN
TEN, founded in 1993 and celebrating this year 31-years as a public company, is one of the first and most established public shipping companies in the world. TEN’s diversified energy fleet currently consists of 75 vessels, including three DP2 shuttle tankers, two scrubber-fitted suezmax vessels and two scrubber-fitted MR product tankers under construction, consisting of a mix of crude tankers, product tankers and LNG carries, totaling over 9.0 million dwt.
ABOUT FORWARD-LOOKING STATEMENTS
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
For further information, please contact:
Company
President & COO
+30210 94 07 710
gsaroglou@tenn.gr
Investor Relations / Media
Capital Link, Inc.
+212 661 7566
ten@capitallink.com
Source:
2024 GlobeNewswire, Inc., source