16 acquisitions with 1.2 year average
10 sales with 18.5 year average
Green-growth initiative program continues
“Following the sale of nine tankers over the last twelve months with an average age of 18.5 years, this subsequent 10th transaction underscores TEN’s commitment to divest from its first-generation assets and enhance its “green” footprint through the acquisition and building of state-of-the art eco-vessels to meet the transportation needs of our blue-chip clientele,” Mr.
TEN’s CURRENT GROWTH PROGRAM
# | Type | Delivery | Status | Employment | |
1 | Njord DF | Aframax Dual Fuel | Delivered | Yes | |
2 | Ran DF | Aframax Dual Fuel | Delivered | Yes | |
3 | Chios DF | Aframax Dual Fuel | Delivered | Yes | |
4 | Ithaki DF | Aframax Dual Fuel | Delivered | Yes | |
5 | DP2 Shuttle Tanker | Q2 2025* | Under Construction | Yes | |
6 | DP2 Shuttle Tanker | Q2 2025* | Under Construction | Yes | |
7 | Anfield | DP2 Shuttle Tanker | Q3 2026* | Under Construction | Yes |
8 | TBN | Suezmax – Scrubber Fitted | Q2 2025* | Under Construction | Under Discussion |
9 | TBN | Suezmax – Scrubber Fitted | Q4 2025* | Under Construction | Under Discussion |
10 | TBN | MR – Scrubber Fitted | Q1 2026* | Under Construction | Under Discussion |
11 | TBN | MR – Scrubber Fitted | Q1 2026* | Under Construction | Under Discussion |
*Expected delivery as per shipbuilding contracts
ABOUT
TEN, founded in 1993 and is one of the first and most established public shipping companies in the world. TEN’s diversified energy fleet currently consists of 74 double-hull vessels, including four DP2 shuttle tankers, two scrubber-fitted suezmax vessels and two scrubber fitted MR product tankers under construction, constituting a mix of crude tankers, product tankers and LNG carriers, totaling 9.1 million dwt.
ABOUT FORWARD-LOOKING STATEMENTS
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
For further information, please contact:
Company
President & COO
+30210 94 07 710
gsaroglou@tenn.gr
Investor Relations / Media
Capital Link, Inc.
+212 661 7566
ten@capitallink.com
Source:
2024 GlobeNewswire, Inc., source