TEN orders second LNG carrier from Hyundai, expanding fleet to 20 ships

Loading…

3 sourcesFirst reported 20 days agoUpdated 19 days ago

AI summary: catch up in 20 seconds

Tsakos Energy Navigation (TEN) has ordered a second liquefied natural gas (LNG) carrier from Hyundai Heavy Industries in South Korea.
The new LNG carrier is scheduled for delivery in the first quarter of 2029.
With this order, TEN's investment program now encompasses a total of 20 vessels.
The investment is projected to generate secured revenues of $3.5 billion.
This order represents the continuation of the largest shipbuilding program in the company's history.

Generated by AI from the 3 sources below · always verify with the originals

AI summary: catch up in 20 seconds

Summarising the coverage…

Generated by AI from the 3 sources below · always verify with the originals

The full picture

AI-synthesised from 3 sources · no editorial bias

Tsakos Energy Navigation (TEN) has announced the placement of a second order for a liquefied natural gas (LNG) carrier at Hyundai Heavy Industries in South Korea. This vessel is scheduled for delivery in the first quarter of 2029, marking a significant expansion in TEN's investment strategy.

The new order adds to a broader fleet program that now encompasses a total of 20 vessels. This initiative positions TEN to secure projected revenues of approximately $3.5 billion, contributing to the company's largest shipbuilding program in its history. The expansion reinforces TEN’s commitment to increasing its operational capabilities within the LNG transportation sector.

The full picture

AI-synthesised from 3 sources · no editorial bias

Synthesis generating…

TEN orders second LNG carrier from Hyundai, expanding fleet to 20 ships

All coverage (3)

Comments · 0 (subscribers)