Tsakos Energy
Navigation Limited (TEN or the "Company") TNP today announced
a time charter agreement for the 301,171 dwt, double hull VLCC tanker
Millennium, with a state oil company for a period of 18 months. The
new charter commenced in September 2013 and is expected to generate
gross revenues of approximately $11.50 million during the
corresponding period.
Currently, TEN's secured contract coverage is 74% and 60% for the
available vessel days of 2013 and 2014, with expected minimum
revenues of $69 million and $214 million, respectively. Overall,
TEN's minimum contracted charter revenues is approximately $965
million with an average employment of three years per vessel.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in