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Home Editor’s Picks TEN orders $1.3bn shuttle tankers; vessels backed by long-term charters

TEN orders $1.3bn shuttle tankers; vessels backed by long-term charters

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March 17, 2025

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Tsakos Energy Navigation has ordered nine suezmax shuttle tankers in South Korea, at the price of USD 1.3 billion.

A signing ceremony was held in Athens on Saturday between TEN, Samsung Heavy Industries and Petrobras, which will employ the vessels for up to 15 years.

Deliveries are scheduled for 2027 and 2028.