Tsakos Energy Navigation seals long-term aframax charter

Tsakos Energy Navigation seals long-term aframax charter

Greece’s Tsakos Energy Navigation (TEN) has taken delivery of an aframax tanker which was built against long-term charter contracts to a US oil major.

The proceeds of time charter is approximately $200m over the minimum duration.

The 115,000 vessel Mediterranean Voyager was delivered by South Korean yard Daehan and the company is set to take delivery of another aframax tanker, Caribbean Voyager, from the shipyard this year. In the meantime, TEN has two 174,000 cu m LNG carriers under construction at Hyundai Heavy Industry.

“TEN continues its tested policy of enhancing strategic relationships with major end users. With the charter markets moving in the right direction and with 37 vessels in the fleet with the ability to capture the rates upturn, TEN efficiently combines secured revenue generation and the ability to participate in the strong freight environment,” commented George Saroglou, chief operating officer of TEN.

 

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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