Tsakos Energy Navigation sends newbuild aframax out on charter

Tsakos Energy Navigation sends newbuild aframax out on charter

Greek owner Tsakos Energy Navigation (TEN) is sending newbuild aframax crude carrier Thomas Zafiras into a long term charter contract with Statoil, the vessel having just delivered from Daewoo Mangalia Heavy Industries.

In 2013, the two companies signed an agreement for Statoil to charter five to nine aframax tankers with charter periods of five to nine years.

TEN said the contract could generate gross revenue of more than $100m.

Thomas Zafiras is TEN’s second of nine purposely built aframax tankers on order. The company will take delivery of a panamax tanker later this month, with the vessel also committed to a long term charter.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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