TEN Extends Charter for LNG Carrier at Higher Rate

Illustration; Source: Flickr – under the CC BY-SA 2.0 license; Image by: Kees Torn

Greek tanker operator Tsakos Energy Navigation (TEN) has extended a charter contract of one of its LNG carriers at a higher rate.

The charter extension has been agreed with an unnamed company for a period of one to three years.

The new increased rate is set to commence in the first quarter of 2020 and expected to generate around USD 30 million of gross revenues, according to the company.

“We are delighted to continue the employment of our LNG carrier to one of the industry’s top names,” George Saroglou, Chief Operating Officer of TEN said.

“The LNG sector continues to be an area of increasing interest to us and the recent newbuilding order is a testament to that,” Saroglou continued.

TEN has a fleet of 70 double-hull vessels, constituting a mix of crude tankers, product tankers and LNG carriers, totaling 7.8 million dwt.

Share this article

Follow World Maritime News

In Depth>


<< Jan 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >