ExpansionJul 1, 2026, 04:06 PM
TEN Orders Second LNG Carrier; Newbuilding Program Reaches 20 Vessels
AI Summary
Tsakos Energy Navigation (TEN) announced the order of a second LNG carrier, bringing its newbuilding program to 20 vessels. The first vessel, the Anfield DP shuttle tanker, is scheduled for delivery in July 2026 with a minimum 10-year employment contract. This expansion contributes to the company's $3.5 billion in minimum secured revenues and strengthens its presence in the LNG sector.
Key Highlights
- Ordered a second LNG carrier from Hyundai Heavy Industries.
- Newbuilding program now totals 20 vessels.
- First vessel, Anfield DP shuttle tanker, to be delivered in July 2026.
- Anfield DP has minimum 10-year employment, extendable to 20 years.
- Company has $3.5 billion in minimum secured revenues.
- Pro-forma energy fleet consists of 83 vessels, over 11 million dwt.
Price Impact
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