{"id":1006394,"date":"2026-09-28T16:10:31","date_gmt":"2026-09-28T20:10:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ten-ltd-continues-its-fleet-renewal-and-reports-sale-of-panamax-tanker\/"},"modified":"2026-09-28T16:10:31","modified_gmt":"2026-09-28T20:10:31","slug":"ten-ltd-continues-its-fleet-renewal-and-reports-sale-of-panamax-tanker","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ten-ltd-continues-its-fleet-renewal-and-reports-sale-of-panamax-tanker\/","title":{"rendered":"TEN, Ltd. Continues Its Fleet Renewal and Reports Sale of Panamax Tanker"},"content":{"rendered":"
\n

\n
\n Dynamic Fleet Growth on Track<\/em>
\n <\/strong>\n <\/p>\n

\n
\n Five New-Technology Panamaxes on Order <\/em>
\n <\/strong>\n <\/p>\n

\n
\n Tanker Market Fundamentals Remain Strong <\/em>
\n <\/strong>\n <\/p>\n

ATHENS, Greece, Sept. 28, 2026 (GLOBE NEWSWIRE) — TEN, Ltd. (NYSE: TEN) (the \u201cCompany\u201d) today reported the sale of the oldest vessel in its fleet, the 2003 Japanese-built Panamax tanker Andes<\/em>, to independent third parties. The sale generated approximately $13.0 million of free cash and registered a $4.6 million capital gain, to be recorded in the third quarter of 2026. \u00a0<\/p>\n

\u201cThe Company has embarked on a significant fleet growth program, as reflected in its 26-vessel orderbook, of which seven vessels have already been delivered. Particular emphasis has been placed on the flexible Panamax segment through the construction of five units,\u201d Mr. George Saroglou, President of TEN commented. \u201cLooking ahead, we will continue to evaluate sale and purchase opportunities while remaining committed to maintaining fleet modernity and operational flexibility that have allowed TEN to thrive through market cycles over the decades,\u201d Mr. Saroglou concluded.<\/p>\n

\n
\n TEN\u2019s CURRENT NEWBUILDING PROGRAM<\/u>
\n <\/strong>
\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n #<\/strong>\n <\/td>\n\n Name<\/strong>\n <\/td>\n\n Type<\/strong>\n <\/td>\n\n Delivery (exp)<\/strong>\n <\/td>\n\n Status<\/strong>\n <\/td>\n\n Employment<\/strong>\n <\/td>\n<\/tr>\n
\n CONVENTIONAL TANKERS<\/strong>\n <\/td>\n<\/tr>\n
\n 1<\/strong>\n <\/td>\n\n DR IRENE TSAKOS<\/strong>\n <\/td>\n\n Suezmax \u2013 Scrubber Fitted <\/strong>\n <\/td>\n\n Q2 2025<\/strong>\n <\/td>\n\n DELIVERED<\/strong>\n <\/td>\n\n Yes<\/strong>\n <\/td>\n<\/tr>\n
\n 2<\/strong>\n <\/td>\n\n SILIA T<\/strong>\n <\/td>\n\n Suezmax \u2013 Scrubber Fitted <\/strong>\n <\/td>\n\n Q4 2025<\/strong>\n <\/td>\n\n DELIVERED<\/strong>\n <\/td>\n\n Yes<\/strong>\n <\/td>\n<\/tr>\n
\n 3<\/strong>\n <\/td>\n\n DELOS T <\/strong>\n <\/td>\n\n MR \u2013 Scrubber Fitted<\/strong>\n <\/td>\n\n Q1 2026<\/strong>\n <\/td>\n\n DELIVERED<\/strong>\n <\/td>\n\n Yes <\/strong>\n <\/td>\n<\/tr>\n
\n 4<\/strong>\n <\/td>\n\n DION<\/strong>\n <\/td>\n\n MR \u2013 Scrubber Fitted<\/strong>\n <\/td>\n\n Q1 2026<\/strong>\n <\/td>\n\n DELIVERED<\/strong>\n <\/td>\n\n Yes<\/strong>\n <\/td>\n<\/tr>\n
\n 5<\/strong>\n <\/td>\nAMAZONA<\/td>\nPanamax LR1 \u2013 Scrubber Fitted<\/td>\nQ2 2027<\/td>\nUnder Construction<\/td>\nTBA<\/td>\n<\/tr>\n
\n 6<\/strong>\n <\/td>\nMAYA<\/td>\nPanamax LR1 \u2013 Scrubber Fitted<\/td>\nQ3 2027<\/td>\nUnder Construction<\/td>\nTBA<\/td>\n<\/tr>\n
\n 7<\/strong>\n <\/td>\nINCA<\/td>\nPanamax LR1 \u2013 Scrubber Fitted<\/td>\nQ4 2027<\/td>\nUnder Construction<\/td>\nTBA<\/td>\n<\/tr>\n
\n 8<\/strong>\n <\/td>\nCHAIRMAN DJS<\/td>\nVLCC – Scrubber Fitted<\/td>\nQ4 2027<\/td>\nUnder Construction<\/td>\nTBA<\/td>\n<\/tr>\n
\n 9<\/strong>\n <\/td>\nTBN<\/td>\nVLCC – Scrubber Fitted<\/td>\nQ1 2028<\/td>\nUnder Construction<\/td>\nTBA<\/td>\n<\/tr>\n
\n 10<\/strong>\n <\/td>\nTBN<\/td>\nVLCC \u2013 Scrubber Fitted<\/td>\nQ2 2028<\/td>\nUnder Construction<\/td>\nTBA<\/td>\n<\/tr>\n
\n 11<\/strong>\n <\/td>\nAZTEC<\/td>\nPanamax LR1 \u2013 Scrubber Fitted<\/td>\nQ3 2028<\/td>\nUnder Construction<\/td>\nTBA<\/td>\n<\/tr>\n
\n 12<\/strong>\n <\/td>\nANDES<\/td>\nPanamax LR1 \u2013 Scrubber Fitted<\/td>\nQ3 2028<\/td>\nUnder Construction<\/td>\nTBA<\/td>\n<\/tr>\n
\n SHUTTLE TANKERS<\/strong>\n <\/td>\n<\/tr>\n
\n 13<\/strong>\n <\/td>\n\n ATHENS 04<\/strong>\n <\/td>\n\n DP2 Shuttle Tanker<\/strong>\n <\/td>\n\n Q2 2025<\/strong>\n <\/td>\n\n DELIVERED<\/strong>\n <\/td>\n\n Yes<\/strong>\n <\/td>\n<\/tr>\n
\n 14<\/strong>\n <\/td>\n\n PARIS 24<\/strong>\n <\/td>\n\n DP2 Shuttle Tanker<\/strong>\n <\/td>\n\n Q3 2025<\/strong>\n <\/td>\n\n DELIVERED<\/strong>\n <\/td>\n\n Yes<\/strong>\n <\/td>\n<\/tr>\n
\n 15<\/strong>\n <\/td>\n\n ANFIELD DP<\/strong>\n <\/td>\n\n DP2 Shuttle Tanker<\/strong>\n <\/td>\n\n Q3 2026<\/strong>\n <\/td>\n\n DELIVERED<\/strong>\n <\/td>\n\n Yes<\/strong>\n <\/td>\n<\/tr>\n
\n 16<\/strong>\n <\/td>\nARIANO SUASSUNA DP<\/td>\nDP2 Shuttle Tanker<\/td>\nQ3 2027<\/td>\nUnder Construction<\/td>\nYes<\/td>\n<\/tr>\n
\n 17<\/strong>\n <\/td>\nELZA SOARES DP<\/td>\nDP2 Shuttle Tanker<\/td>\nQ4 2027<\/td>\nUnder Construction<\/td>\nYes<\/td>\n<\/tr>\n
\n 18<\/strong>\n <\/td>\nMARIA FIRMINA DP<\/td>\nDP2 Shuttle Tanker<\/td>\nQ1 2028<\/td>\nUnder Construction<\/td>\nYes<\/td>\n<\/tr>\n
\n 19<\/strong>\n <\/td>\nCAROLINA DE JESUS DP<\/td>\nDP2 Shuttle Tanker<\/td>\nQ2 2028<\/td>\nUnder Construction<\/td>\nYes<\/td>\n<\/tr>\n
\n 20<\/strong>\n <\/td>\nDR SOCRATES DP<\/td>\nDP2 Shuttle Tanker<\/td>\nQ3 2028<\/td>\nUnder Construction<\/td>\nYes<\/td>\n<\/tr>\n
\n 21<\/strong>\n <\/td>\nMARACANA DP<\/td>\nDP2 Shuttle Tanker<\/td>\nQ3 2028<\/td>\nUnder Construction<\/td>\nYes<\/td>\n<\/tr>\n
\n 22<\/strong>\n <\/td>\nCORINTHIANS DP<\/td>\nDP2 Shuttle Tanker<\/td>\nQ4 2028<\/td>\nUnder Construction<\/td>\nYes<\/td>\n<\/tr>\n
\n 23<\/strong>\n <\/td>\nIPANEMAS DP<\/td>\nDP2 Shuttle Tanker<\/td>\nQ4 2028<\/td>\nUnder Construction<\/td>\nYes<\/td>\n<\/tr>\n
\n 24<\/strong>\n <\/td>\nCOPA DP<\/td>\nDP2 Shuttle Tanker<\/td>\nQ4 2028<\/td>\nUnder Construction<\/td>\nYes<\/td>\n<\/tr>\n
\n LNG CARRIERS<\/strong>\n <\/td>\n<\/tr>\n
\n 25<\/strong>\n <\/td>\nNY ENERGY 26<\/td>\nLNG Carrier<\/td>\nQ3 2028<\/td>\nUnder Construction<\/td>\nTBA<\/td>\n<\/tr>\n
\n 26<\/strong>\n <\/td>\nTBN<\/td>\nLNG Carrier<\/td>\nQ1 2029<\/td>\nUnder Construction<\/td>\nTBA<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n ABOUT TEN LTD.<\/u>
\n <\/strong>
\n
Founded in Bermuda in 1993 and celebrating 33 years as a public company, 24 of which on the\u00a0NYSE, TEN is one of the first and most established public shipping companies in the world. TEN’s diversified pro-forma energy fleet currently consists of 80 vessels, totaling approx. 10.4 million dwt.<\/p>\n

\n ABOUT FORWARD-LOOKING STATEMENTS <\/strong>
\n
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.<\/p>\n

For further information, please contact:<\/p>\n

Tsakos Energy Navigation Ltd.
George Saroglou
President & COO
+30210 94 07 710
gsaroglou@tenn.gr<\/a><\/p>\n

Investor Relations \/ Media
Capital Link, Inc.
Nicolas Bornozis\/ Markella Kara
+212 661 7566
ten@capitallink.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Dynamic Fleet Growth on Track Five New-Technology Panamaxes on Order Tanker Market Fundamentals Remain Strong ATHENS, Greece, Sept. 28, 2026 (GLOBE NEWSWIRE) — TEN, Ltd. (NYSE: TEN) (the \u201cCompany\u201d) today reported the sale of the oldest vessel in its fleet, the 2003 Japanese-built Panamax tanker Andes, to independent third parties. The sale generated approximately $13.0 million of free cash and registered a $4.6 million capital gain, to be recorded in the third quarter of 2026. \u00a0 \u201cThe Company has embarked on a significant fleet growth program, as reflected in its 26-vessel orderbook, of which seven vessels have already been delivered. Particular emphasis has been placed on the flexible Panamax segment through the construction of five units,\u201d Mr. George Saroglou, President … <\/p>\n

Continue reading “TEN, Ltd. Continues Its Fleet Renewal and Reports Sale of Panamax Tanker”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1006394","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTEN, Ltd. Continues Its Fleet Renewal and Reports Sale of Panamax Tanker - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ten-ltd-continues-its-fleet-renewal-and-reports-sale-of-panamax-tanker\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TEN, Ltd. 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