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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:51 EDTTNPTsakos Energy announces charter extension for one MR Tanker, strategic alliance
Tsakos Energy Navigation announced the charter extension for a further 12-months of one of its MR tankers to the current charterer, a major Japanese trading house. This fixture has profit-sharing provisions attached and excluding those, the company expects to generate a minimum of $5M in gross revenues over the duration of the contract. Concurrent with this, TEN commenced its strategic partnership with a major European oil major through the chartering of the first of its modern DNA Aframax crude carriers operating, up to now, in the spot market.
News For TNP From The Last 14 Days
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September 1, 2015
13:32 EDTTNPTsakos Energy announces two year charter renewal at 20% premium to prior rate
Tsakos Energy announced the charter renewal of a handysize product carrier to a major state oil company for a period of twenty-four months. This charter, commencing in September 2015, is at a 20% premium to the previous rate and is expected to generate approximately $13M in total gross revenues. As a result, this latest fixture along with the five charters announced last month, for a suezmax crude tanker and four MR product carriers, increases the total minimum charter revenues of the fleet under secured employment to over $750M.

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