Greece’s TEN takes delivery of LNG newbuild

Greek shipping firm Tsakos Energy Navigation (TEN) has taken delivery of a brand new LNG carrier from South Korea’s Hyundai Heavy Industries.

HHI delivered the 174,000-cbm Tenergy on January 12, according to the vessel’s manager, Bernhard Schulte Shipmanagement (Hellas).

BSM’s Athens-based unit will provide management services to support TEN and the charterer with this newbuild WinGD dual-fuel X-DF LNG carrier, the firm said, but it did not provide any additional information.

According to its AIS data provided by VesselsValue, Tenergy already left HHI’s yard in Ulsan on its maiden voyage.

Nikolas Tsakos-led TEN said in its quarterly report it would take delivery of this newbuild in January.

TEN also operates the 2007-built 150,000-cbm Neo Energy as well as the 2016-built 174,000-cbm Maria Energy.

The firm said in May last year it had signed new charters for all of the three LNG vessels. After that, it also ordered four LNG-powered Aframax tankers at South Korea’s Daehan Shipbuilding.

TEN’s founder and chief executive, Nikolas Tsakos, said during the company’s third-quarter earnings call in December the new LNG carrier would generate about $100,000 a day net income.

The Spark25 Pacific spot rate hit a record high of $374,500 per day on November 26. However, it sharply declined in the meantime reaching about $50,000 a day this week.

Most Popular

Venture Global’s Plaquemines LNG to commission fourth tank

US LNG exporter Venture Global LNG has received approval from the US FERC to commission the fourth storage tank with LNG at its Plaquemines plant in Louisiana.

US FERC issues final SEIS for NextDecade’s Rio Grande LNG project

The US Federal Energy Regulatory Commission (FERC) has released a final supplemental environmental impact statement for NextDecade's Rio Grande LNG facility and the accompanying pipeline in Texas. FERC continues to conclude that approval of the projects would result in "less than significant impacts."

Worley gets full notice to proceed on first phase of CP2 LNG project

Australian engineering firm Worley has received a full notice to proceed from US LNG exporter Venture Global LNG under its reimbursable EPC contract for the first phase of the CP2 LNG project in Louisiana.

More News Like This

Greece’s TEN sells steam LNG carrier

Greek shipping firm Tsakos Energy Navigation (TEN) has sold a 2007-built liquefied natural gas (LNG) carrier with a steam...

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...

Northern Lights, Bernhard Schulte join forces on new LNG-powered CO2 carrier

Norway’s Northern Lights, a joint venture consisting of Equinor, Shell, and TotalEnergies, has signed a charter deal with Bernhard...

TEN takes delivery of first LNG-powered Aframax tanker in South Korea

South Korea’s Daehan Shipbuilding has delivered the first of four LNG-powered Aframax tankers to Greek shipping firm Tsakos Energy...