Greece’s TEN buys two LNG-powered tankers from Viken

Greek shipping firm Tsakos Energy Navigation (TEN) said it had purchased two 2023-built LNG dual-fuel LR2 tankers from Norway’s Viken.

Besides the two LNG-powered Aframax tankers, TEN bought from Viken Crude one 2019-built Suezmax tanker and two 1A ice-class Aframax tankers built in 2018 and 2019 respectively.

TEN said in a statement that the vessels have an average employment of two years with fixed and profit-sharing features totaling over $100 million in minimum gross revenues.

Also, TEN will fund the purchase with cash-at-hand and bank finance.

With this acquisition, TEN’s LNG-powered tankers, after the recent delivery of its four-new
vessel program, increases to six, its scrubber-fitted vessels to 12, its vessels with ice-class
capabilities to 17, and the pro-forma fleet to 72 diversified ships of all categories.

TEN took delivery of four LNG-powered Aframax tankers from South Korea’s Daehan Shipbuilding and all of these vessels serve charter deals with Norway’s Equinor.

The Greek firm did not provide additional information regarding the five new vessels it purchased or the price tag of the deal.

Last year, Viken Shipping took delivery of two LNG-powered LR2 tankers, Angleviken and Askviken, from China’s Guangzhou Shipyard International (GSI).

Both of these vessels serve a charter deal with TotalEnergies.

Several brokers reported last month that TEN bought these two LNG-powered tankers from Viken.

According to VesselValue, the vessels are currently each worth about $87.4 million.

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