TEN LTD. Announces Delivery & Long Term Charter of LNG Carrier

Source: www.gulfoilandgas.com 1/18/2022, Location: Asia

TEN Ltd., a leading crude, product and LNG tanker operator, announced the delivery of the 174,000cbm LNG carrier “TENERGY” in South Korea and immediate charter to a major end-user. The employment, of minimum five years at an accretive floor rate with market-related upside is expected to 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,” Mr. George Saroglou, COO of TEN commented. “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,” Mr. Saroglou concluded.

China >>  5/2/2022 - NYK concluded a long-term time-charter contract with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd.* for six liquefied natural gas (LNG) ...
France >>  5/1/2022 - France LNG Shipping SAS,* an NYK affiliated company, has signed a long-term charter contract for a new liquefied natural gas (LNG) carrier with EDF LN...

Japan >>  4/28/2022 - NYK is delighted to announce the order of its third liquefied petroleum gas (LPG) dual-fuel very large LPG / liquefied ammonia gas (NH3) carrier (VLGC...
South Korea >>  4/26/2022 - GTT has been chosen, by its partner the Korean shipyard Samsung Heavy Industries for the tank design of a new Liquefied Natural Gas Carrier (LNGC).

Gulf Oil and Gas
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