New York-listed Greek tanker owner Tsakos Energy Navigation (TEN) has announced new charters for three of its vessels worth over $32m.
The company has fixed charters for one of its aframax crude tankers and two MR product carriers to unnamed companies for an aggregate 6 years.
George Saroglou, chief operating officer of TEN, commented: “With these fixtures, TEN continues to increase its long term time charter coverage to major oil concerns and further solidify its cash flow and dividend visibility.
“With 78% of the fleet in long term charters, half of which with provisions to capture market upturns, resulting to minimum secured revenues of $1.4 billion, TEN is well positioned to benefit from the expected market upturn due to the fast declining orderbook and the seasonally strong months ahead.”
