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TEN LTD Announces Charter Extension for LNG Carrier

Logistic News - Published on Mon, 09 Dec 2019

Image Source: TEN LNG
Leading diversified tanker operator TEN LTD announced the extension of one of its LNG carriers for a minimum one-maximum three-year period. The new increased rate is set to commence in the first quarter of 2020 and expected to generate around USD 30 million of gross revenues. TEN COO Mr George Saroglou said "We are delighted to continue the employment of our LNG carrier to one of the industry's top names which highlights TEN's operational capabilities in this highly demanding sector.”

He added "The LNG sector continues to be an area of increasing interest to us and the recent newbuilding order is a testament to that. TEN's diversified fleet of crude, product, shuttle tankers and LNG carriers, provides management with the flexibility to choose the most accretive business in each segment, in today's strong tanker market environment.”
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Posted By : Arun Huidrom on Mon, 09 Dec 2019
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