NYSE:TENOil and Gas
Evaluating Tsakos Energy Navigation (TEN) After New Long Term Charter Extensions And Increased Revenue Visibility
Why the latest charter extensions matter for Tsakos Energy Navigation (NYSE:TEN)
Tsakos Energy Navigation (NYSE:TEN) extended charter agreements for two DP2 shuttle tankers, adding up to five more years on contracts that began in 2013 and are expected to start new terms around mid 2028.
The company estimates these extensions could generate more than US$200 million in gross revenues, giving investors clearer visibility on long term vessel employment and reinforcing Tsakos Energy Navigation’s...