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Tsakos Energy sold three suezmaxes and two handysize carriers

Tsakos Energy sold three suezmaxes and two handysize carriers

Tsakos Energy Navigation Limited has reported the selling of three suezmax crude carriers and the sale of two oil carriers for a total price of $104 million.

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“Regardless of the short-term challenges the market is facing due to the coronavirus, longer-term market prospects remain positive. The above transactions enable the Company to proceed with its policy of maintaining a modern fleet through strategic sales of first-generation vessels,” said Mr. George Saroglou, CEO of TEN.

TEN, created in 1993 and marking 27 years as a public company this year, is one of the world's first and longest known public shipping companies. The diversified energy fleet of TEN presently comprises 69 double-hull vessels, including two suezmax tankers and one LNG carrier under development, including a mixture of oil tankers, commodity tankers and LNG carriers.

Maritime Business World 

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