TEN, Ltd. announces delivery, long-term employment of first of four LNG tankers

TEN announces the delivery of the LNG powered aframax tanker, Njord DF, the first in a series of four high-spec eco designed vessels built against long-term employment to a major European state-owned oil concern. The gross revenues from this four-vessel industrial program are expected to reach $520 million should all extension options get exercised. “We are both excited and honored to take on-board such a high-end green vessel against long term employment to a globally renowned environmentally sensitive group. The choice of TEN to build and operate such state-of-the-art vessels is a testament to the Company’s experience and operational excellence in not only optimally operating modern vessels over the decades but also in efficiently managing the construction phase while safeguarding a timely delivery,” George Saroglou, President & COO of TEN stated. “We look forward to welcoming the second such vessel in the next few weeks while maintaining TEN’s fleet modernity and green transition going forward,” Saroglou concluded.