Tsakos Energy Navigation linked to BP Shipping aframax pair

Tsakos Energy Navigation linked to BP Shipping aframax pair

Tsakos Energy Navigation (TEN) looks to have picked up two ships BP Shipping has been trying to offload for months.

The sale first showed up last week, then linked to an unidentified Greek owners, and now several sources link the New York-listed outfit to the purchase.

TEN has grabbed the thirteen-year-old 114,800-dwt British Merlin and the one year younger British Curlew for $14.65m each, the brokers note.

Some days back TEN reported a third-quarter loss but said in a statement that the strong fourth quarter rebound in rates is a cause for optimism in the tanker market.

“Following our long term strategy of responsible growth on the back of solid employment, 2017 will be the springboard year that will boost the fleet’s profitability and elevate TEN’s valuation to levels that reflect the true value of our company,” Tsakos added.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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