Following the recent delivery of the shuttle tanker Anfield from Samsung shipyard in South Korea in late July, TEN announced today the sale of two 2006-built Suezmax tankers. This transaction will release in excess of $100 million to the company’s cash reserves.
President of TEN. ABOUT TEN Ltd. “In line with our stated policy of maintaining the modernity and diversity of our fleet, as evident by the 26 vessel newbuilding program currently in effect, of which seven have already been delivered, we continue to monetize the equity value of our first-generation vessels. These vessels, purposely built 20 years ago by TEN for its client’s requirements, have been great contributors to the company’s success,” stated Mr. George Saroglou,