Search results for: Tsakos

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  • 29 March 2016
    Business & Finance

    Greek tanker owner and operator Tsakos Energy Navigation (TEN) has inked charter extensions for four of its Panamax tankers with an undisclosed state oil company. Tsakos said that the vessels will be employed on an average duration of 22 months per tanker and will collect minimum gross revenues of USD 65 million. The new contracts are […]

  • 14 July 2017
    Business & Finance

    Dubai’s Orient Express Lines (OEL), a unit of shipping and logistics conglomerate Transworld Group, has acquired a 4,253 TEU containership from Greek shipowner Tsakos Containers Navigation, part of Tsakos Group. Formerly known as M/V Irenes Wisdom and ER Yantian, the cargo ship has been renamed to Oel Jumeirah, Transworld said. The latest acquisition has the biggest tonnage capacity in […]

  • 25 September 2012
    Business & Finance

    Tsakos Energy Navigation Limited yesterday announced a three-year time charter extension for the 2007 built, 163,216 dwt, double hull suezmax tanker, Arctic, with the same charterer, a South American state oil company. The charter incorporates minimum and maximum levels and a 50:50 profit split for rates in between. The minimum gross revenues from this fixture […]

  • 14 March 2018
    Vessels

    Greece-based shipowner Tsakos Energy Navigation is looking to expand its fleet of liquefied natural gas (LNG) carriers up to six vessels by 2020, according to its founder and chief executive Nikolas Tsakos. The New York-listed company recently completed a 15-newbuilding programme which included one LNG carrier. Tsakos currently owns two LNG vessels, the 2007-built NEO Energy and […]

  • 7 February 2018
    Business & Finance

    Tsakos Shipping and Trading decided to bolster its dry bulk fleet with an order for up to four bulkers.

  • 21 June 2011
    Business & Finance

      Tsakos Energy Navigation Ltd. today announced the charter of the 105,000 dwt, DNA design Aframax tanker, Maria Princess to a major Chinese oil concern for a twelve month period. This charter comes in line with the Company’s pre-stated policy in exploring opportunities in the wider Chinese energy market. “The growth of oil consumption in […]

  • 22 April 2010
    Business & Finance

    Tsakos Energy Navigation is reportedly close to signing a contract worth US$620 million for a new ultra-deepwater drillship, to be built at a South Korean yard. The order will be placed on condition that Tsakos firms up a five-year time-charter with a national oil company. The vessel to be ordered will be capable of operating […]

  • 29 May 2014
    Business & Finance

    Gibdock has completed its first shiprepair project for Tsakos Shipping & Trading. The Gibraltar yard undertook damage repairs to the 221m long, 2824 teu capacity containership, Irene’s Rainbow, which is part of the 70+ vessel fleet operated by the Tsakos Columbia Ship Management (TCM) joint venture. The scope of work undertaken alongside included steel hatch […]

  • 2 December 2013
    Business & Finance

    The “Maria Tsakos” Foundation-International Center for Maritime Research and Tradition and ClassNK have embarked on a joint venture to cooperate on matters of common interest, with emphasis on maritime research and environmental protection. A signing ceremony to commemorate the agreement between the two partners was held at the Foundation’s headquarters in Athens on 29 November […]

  • 21 April 2010

    Tsakos Energy Navigation is reportedly close to signing a contract worth US$620 million for a new ultra-deepwater drillship, to be built at a South Korean yard. The order will be placed on condition that Tsakos firms up a five-year time-charter with a national oil company.

  • 10 March 2017
    Business & Finance

    Athens-based shipping company Tsakos Energy Navigation (TEN) has agreed a time charter deal for its newly delivered very large crude carrier (VLCC) Hercules I with a US oil major. The contract for the 2017-built tanker is for up to 18 months time charter with minimum and profit sharing provision. With this contract, TEN secured charters for […]

  • 3 December 2018
    Business & Finance, Rules & Regulation

    Tsakos believes the hype about the scrubber installation from charterers is winding down.

  • 20 June 2011
    Vessels

    Tsakos Energy Navigation Ltd. (TEN) today announced a four year time charter for the 2007-built 150,000 m(3) LNG carrier Neo Energy to a major international energy concern. The charter is expected to commence in the first quarter of next year upon expiration of the vessel’s existing employment. This new charter, in line with current market […]

  • 20 June 2011
    Business & Finance

      Tsakos Energy Navigation Ltd. (TEN) today announced a four year time charter for the 2007-built 150,000 m(3) LNG carrier Neo Energy to a major international energy concern. The charter is expected to commence in the first quarter of next year upon expiration of the vessel’s existing employment. This new charter, in line with current […]

  • 26 April 2013

    Tsakos Energy Navigation Limited (TEN or the “Company”), a leading product, crude and LNG tanker operator today announced the successful delivery of its second fully coated DP2 suezmax shuttle product tanker, Brasil 2014, from South Korea. The Brasil 2014 is a sister vessel to the Rio 2016 that was delivered in March. Both vessels are […]

  • 26 April 2013
    Business & Finance

    Tsakos Energy Navigation Limited, a leading product, crude and LNG tanker operator today announced the successful delivery of its second fully coated DP2 suezmax shuttle product tanker, Brasil 2014, from South Korea. The Brasil 2014 is a sister vessel to the Rio 2016 that was delivered in March. Both vessels are being deployed on 15-year […]

  • 23 July 2020
    Business & Finance, Rules & Regulation, Vision

    Seven months into the implementation of the IMO 2020 sulphur cap, which shaped a monumental shift for the shipping industry to less-polluting fuels, the issues with regard to the quality of bunkers persis, despite being sidetracked by the COVID-19 pandemic. Speaking in a recent webinar hosted by Capital Link, Nikolas P. Tsakos, founder and Chief […]

  • 8 November 2012

    Greek shipping company Tsakos Group has entered into a shipbuilding contract with Sungdong Shipbuilding from Korea, Seatrade Asia reports. The subject of the contract is construction of a 157,000 dwt shuttle tanker with an option to build another one. The vessel is scheduled to be delivered in 2014. Sungdong Shipbuilding commenced construction of shuttle tankers […]

  • 13 November 2006

    Lloyd’s Register held its most recent Hellenic Advisory Committee on November 2, 2006 in Mikrolimano, Piraeus. Some 30 key figures from the Greek shipping community attended, representing more than 34.5 million gross tons and 650 vessels. The Lloyd’s Register Hellenic Advisory Committee is chaired by Captain Panayiotis Tsakos of Tsakos Shipping & Trading. Representatives from […]

  • 12 March 2013
    Business & Finance

    Tsakos Energy Navigation Limited (TEN), a leading product, crude and LNG tanker operator, today announced the delivery of the fully-coated DP2 shuttle tanker, the first of its kind internationally to fly the Greek flag, with a carrying capacity of 157,000 dwt, Rio 2016. The delivery was attended by the Greek Minister of Mercantile Marine accompanied […]

  • 16 March 2016
    Business & Finance

    Tsakos Energy Navigation Limited (TEN) achieved net income of USD 158.2 million in 2015, a nearly fivefold increase from the USD 33.5 million achieved in 2014, the company said. Operating income for the same period was USD 188.1 million compared to USD 76 million in 2014. TEN said that 2015 was the “best performing year in […]

  • 13 November 2017
    Business & Finance

    Greek tanker shipping company Tsakos Energy Navigation (TEN) has taken delivery of the ice-class Aframax tanker Bergen TS, the last in the 15-vessel pre-employed newbuilding program. The ship was built by Romania-based Daewoo-Mangalia Heavy Industries and started a long-term charter immediately after its delivery. Based on the shipbuilder’s data, the DNV GL-classed crude oil tanker was delivered […]