Tsakos Energy Navigation (TEN) is reportedly in advanced negotiations for signing new contracts to build an additional nine Shuttle Tankers at Samsung Heavy Industries. The estimated cost of the shipbuilding program is USD 1.3 billion.
According to Xclusiv, the group will proceed with the construction of nine more shuttle tankers (DP2) in a South Korean shipyard, with the Brazilian Transpetro as charterer.
Delivery of two vessels is scheduled for 2027, while the remaining seven are expected to be delivered next year.