Greek shipping company Tsakos Energy Navigation (TEN) announced the delivery of the new LNG carrier TENERGY in South Korea and immediate charter to a major end-user.
TEN now took delivery of its latest LNG carrier newbuild from the South Korean shipyard Hyundai Heavy Industries . Named TENERGY , the vessel has an LNG capacity of 174,000 cubic metres.
The shipowner also said that it immediately chartered the vessel to a major end-user that remains undisclosed for now. The employment, of a minimum of five years, will generate minimum gross revenues of about $100 million.
“We are excited to continue expanding our presence in the ever-developing LNG space with the delivery and charter of this latest technology and environmentally friendly vessel,” said George Saroglou , COO of TEN.
“TEN’s growth prospects and cash flow visibility, with a minimum revenue backlog of over $1 billion, with additional upside potential, enables management to pursue its growth strategy and diversify further TEN’s footprint in the greater energy sector.”
TEN’s energy fleet currently consists of 71 double-hull vessels totaling 8.0 m dwt. Its newbuild program includes one Suezmax DP2 shuttle tanker and four dual-fuel LNG-powered Aframax vessels.