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Did A 10‑Year Brazilian Shuttle Tanker Deal Just Shift Tsakos Energy Navigation's (TEN) Investment Narrative?
Tsakos Energy Navigation Ltd. recently took delivery of the DP2 suezmax shuttle tanker “Anfield DP” from Samsung Heavy Industries in South Korea, the third in a planned series of 12 vessels, which has begun a 10‑year charter with a US oil major and extension options up to its 20th year.
This delivery deepens Tsakos Energy Navigation’s presence in Brazil’s high-barrier offshore market and contributes to a long-term charter backlog supporting approximately US$3.50 billion in minimum gross...