NYSE:TENOil and Gas
Tsakos Energy Navigation (TEN) Is Up 10.3% After Extending Two Shuttle Tanker Charters Through 2033
In April 2026, TEN Ltd. announced that two DP2 shuttle tankers will have their existing 15-year charters extended for up to five additional years each from mid-2028, with the renewed agreements expected to generate more than US$200 million in gross revenues.
This extension deepens TEN’s ties with major oil customers while locking in multi-year employment for specialized assets, potentially supporting steadier cash flows and operational planning.
Next, we’ll examine how locking in over US$200...