Financial Ports

Tsakos unlocks $100m+ with suezmax sell-off: what’s next for its 26-ship

CLAVE 1 / 4Tsakos Energy Navigation (TEN) sells two 2006-built suezmax tankers, releasing over $100m into cash reserves.

CLAVE 2 / 4The sales are part of a fleet renewal strategy, with 26 ships in TEN’s newbuilding programme.

CLAVE 3 / 4Seven newbuilds have already joined the fleet, securing $3.5bn in minimum contracted revenue.

CLAVE 4 / 4Pro forma fleet now stands at 81 vessels, totalling about 10.5m dwt after the latest disposals.

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