TEN Ltd. Announces Completion of Viken Fleet Acquisition and Sale of Aframax Tanker and LNG Carrier [Yahoo! Finance]
Tsakos Energy Navigation Ltd Common Shares (TNP)
Last tsakos energy navigation ltd common shares earnings: 3/24 08:00 am
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Source: Yahoo! Finance
ATHENS, Greece, June 03, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd (NYSE: TNP) (the “Company”) announces the completion of the Viken Crude AS acquisition with the delivery of a 2019-built scrubber fitted 1A Ice-Class Aframax tanker. Concurrently the Company has sold a 2008-built Aframax and a 2007-built Steam Turbine LNG carrier to third party interests. From these sales, the Company has generated an additional $100 million in free cash. Since the beginning of 2023, TEN has sold 13 vessels totaling 1.1 million dwt averaging about 18.5 years. At the same time, it has purchased and placed new orders for 20 vessels totaling 2.25 million dwt, with an average age of 1.2 years. The above transaction significantly increases the Company's size and dwt capacity and drastically modernizes the fleet. “The vessel divestments coupled with strategic acquisitions, in co-operation with its first-class clients, have enabled the Company to enhance this modern fleet, and increase TEN's critical mass in the
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News
- TEN, Ltd. Holds its Thirty First Annual General MeetingGlobeNewswire
- TEN, Ltd. Reports Profits for the First Quarter 2024 and Sets Date for First Common Share Semi-Annual Dividend of $0.60 [Yahoo! Finance]Yahoo! Finance
- TEN, Ltd. Reports Profits for the First Quarter 2024 and Sets Date for First Common Share Semi-Annual Dividend of $0.60GlobeNewswire
- TEN Ltd. Announces New NYSE Ticker Symbol “TEN” [Yahoo! Finance]Yahoo! Finance
- TEN Ltd. Announces New NYSE Ticker Symbol “TEN”GlobeNewswire
TNP
Earnings
- 6/20/24 - Miss
TNP
Sec Filings
- 6/24/24 - Form 6-K
- 6/14/24 - Form 6-K
- 5/3/24 - Form 6-K
- TNP's page on the SEC website