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LNG Business,
Tsakos Power Navigation (TEN, Ltd) has introduced the sale of the 2005-built suezmax tanker Eurochampion 2004, and the concurrent supply of two LNG-powered aframax tankers, the Chios DF and the Ithaki DF, the final remaining vessels in a sequence of 4 high-spec eco-designed tankers constructed towards long-term employment to a significant oil concern.
The Eurochampion 2004, which was debt free, will contribute roughly US$40 million to the corporate’s money balances with administration in steady discussions for additional such gross sales within the close to future.
“The sale and supply of those three vessels represent one other milestone for TEN because it highlights the corporate’s dedication to fleet renewal by combining worthwhile vessel divestments with deliveries of high-end ‘inexperienced’ vessels on long-term contracts,” mentioned George Saroglou, President & COO of TEN. “The Eurochampion 2004 has served the corporate nicely over time and we want her new house owners ‘calm seas’ in her journeys. With the all LNG-powered vessels now delivered, administration will proceed to discover development alternatives on each the newbuilding and second-hand entrance whereas sustaining its curiosity in strategic gross sales to make sure a seamless fleet transition going ahead.”
Learn the article on-line at: https://www.lngindustry.com/small-scale-lng/25012024/ten-receives-two-lng-powered-tankers/
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