Skip to main content

TEN Ltd. announces charter extension for LNG carrier

Published by
LNG Industry,


TEN, Ltd. has announced the extension of one of its LNG carrier charters for a minimum one/maximum three-year period.

The new increased rate is set to commence in 1Q20, and is expected to generate around US$30 million of gross revenues.

“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,” George Saroglou, Chief Operating Officer of TEN stated. “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,” Saroglou concluded.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/09122019/ten-ltd-announces-charter-extension-for-lng-carrier/

You might also like

Surface damage assessment modernised

A brand-new complete NDT software platform has just arrived on the market. Removing interpretation from the equation, Creaform’s VXintegrity is empowering NDT service companies to provide high-value services and industrial asset owners to make the best maintenance decisions. See how two companies reduced their costs and their inspection time.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG carrier news