{"id":860215,"date":"2025-06-12T16:11:00","date_gmt":"2025-06-12T20:11:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ten-ltd-announces-delivery-of-dr-irene-tsakos-an-eco-friendly-suezmax-from-hyundai-heavy-south-korea\/"},"modified":"2025-06-12T16:11:00","modified_gmt":"2025-06-12T20:11:00","slug":"ten-ltd-announces-delivery-of-dr-irene-tsakos-an-eco-friendly-suezmax-from-hyundai-heavy-south-korea","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ten-ltd-announces-delivery-of-dr-irene-tsakos-an-eco-friendly-suezmax-from-hyundai-heavy-south-korea\/","title":{"rendered":"TEN Ltd. Announces Delivery of \u201cDr Irene Tsakos\u201d, an Eco-Friendly Suezmax From Hyundai Heavy, South Korea"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <strong>TEN\u2019s total future secured revenues are now in the region of $3.7 billion<\/strong>\n      <\/p>\n<p align=\"center\">\n        <strong>Tanker market fundamentals remain strong<\/strong>\n      <\/p>\n<p align=\"justify\">ATHENS, Greece, June  12, 2025  (GLOBE NEWSWIRE) &#8212; TEN Ltd. (NYSE: TEN) (\u201cTEN\u201d or the \u201cCompany\u201d), a leading diversified crude, product and LNG tanker operator, today announced the delivery of the eco-friendly scrubber-fitted suezmax tanker <em>Dr Irene Tsakos<\/em> and the naming of her sister vessel, <em>Silia T<\/em>, from HD Hyundai Heavy Industries Co., Ltd. (\u201cHyundai\u201d) in South Korea. The <em>Silia T<\/em> is expected to be delivered during the third quarter of 2025.<\/p>\n<p align=\"justify\">The <em>Dr Irene Tsakos<\/em> and <em>Silia T<\/em> have secured long-term charters with leading European and US energy majors for a period of five and three years, respectively. The latter is followed by options to extend its employment to a total of nine years, boosting the Company\u2019s total revenue backlog to approximately $3.7 billion.<\/p>\n<p align=\"justify\">With the delivery of the <em>Dr Irene Tsakos<\/em>, TEN now has 19 vessels under construction, scheduled for delivery between the third quarter of 2025 and the fourth quarter of 2028. With this, TEN\u2019s orderbook now includes 11 shuttle tankers, one suezmax crude carrier and seven product tankers (2 MR and 5 Panamax). The Company\u2019s proforma fleet currently consists of 82 vessels, 63 of which are in the water.<\/p>\n<p align=\"justify\">Since the initiation of TEN\u2019s \u2018Greenship\u2019 program in January 2023, the Company has executed one of the most comprehensive renewal strategies in its history, by divesting 14 older vessels of 1.2 million dwt with an average age of 17.3 years and replacing them with 30 vessels, eco-friendly newbuildings and secondhand market acquisitions, of 3.7 million dwt with an average age of 0.6 years. This dynamic fleet expansion has resulted in a material increase in total carrying capacity, further strengthening TEN\u2019s commercial and operational presence globally, guided by a commitment to environmentally friendly and responsible energy transportation.<\/p>\n<p align=\"justify\">\n        <strong>Dr. Nikos P. Tsakos, Founder and CEO, commented<\/strong>: \u201cThe delivery of the suezmax tanker <em>Dr Irene Tsakos<\/em> and the naming of the <em>Silia T<\/em>, two Hyundai-built high-specification and environmentally friendly suezmax tankers mark another important milestone in TEN\u2019s long-term fleet renewal, solidifying its presence in the global energy space. These vessels, backed by long-term contracts with top-tier energy majors, further enhance the Company\u2019s income visibility and financial resilience. With continued investment in modern tonnage and strong industrial partnerships, TEN remains firmly positioned to deliver sustainable growth and long-term value to its shareholders regardless of short-term market fluctuations. TEN\u2019s industrial shipping model has been tested and proven for more than 30 years through the various market cycles.\u201d<\/p>\n<p align=\"justify\">\n        \n      <\/p>\n<p align=\"justify\">\n        \n      <\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>ABOUT TSAKOS ENERGY NAVIGATION<br \/><\/u><br \/>\n        <\/strong>Founded in 1993 and celebrating 32 years as a public company, TEN is one of the first and most established public shipping companies in the world. TEN\u2019s diversified energy fleet currently consists of 82 vessels, including twelve DP2 shuttle tankers, two scrubber fitted suezmax vessels, two scrubber-fitted MR product tankers and five scrubber-fitted LR1 tankers under construction, consisting of a mix of crude tankers, product tankers and LNG carriers, totaling 10.1 million dwt.<\/p>\n<p align=\"justify\">\n        <strong>FORWARD-LOOKING STATEMENTS<br \/><\/strong>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<p>For further information, please contact:<\/p>\n<p>Company<br \/>Tsakos Energy Navigation Ltd. <br \/>George Saroglou<br \/>President &amp; COO<br \/>+30210 94 07 710<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=J8zQ8jFKybxS7-5dW_W7OKSyreqrd-YoRCZ_uboX7rVnD8rOwsnbh-DBmdEQHw0awtiLxyq4DjEA0kxswFJdN60MrZjFsROv9ysvr8Q0aLI=\" rel=\"nofollow\" target=\"_blank\">gsaroglou@tenn.gr<\/a><\/p>\n<p>Investor Relations \/ Media<br \/>Capital Link, Inc.<br \/>Nicolas Bornozis\/ Markella Kara<br \/>+212 661 7566<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=I3yrQ0s1BrIFCdC0K3jxaeoa3kAfiGvTQMLJrji3y4vztjv0xeH3HPYw4t8ak5AMXQ1Cn3sYVPR7o2IcT0LrNdSVUR7sPtLth7H_us39GRw=\" rel=\"nofollow\" target=\"_blank\">ten@capitallink.com<\/a><\/p>\n<p>Photos accompanying this announcement are available at:<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bURNGn-bPlPrpJ3WHgmtYrcKqlRaNM37zRG9OBZBmU7gdnDGVp1sKn0kraWcyF9af8KvRUlVP2aeyQXrjeblMKf4p-_v-ph_z55TbKwp6B3ghfK4dBEA0lBbcGopyxqN-5BlbsMUPO0DrE67bb2qiWbRw3Rbhw5naMtAMDG7bUW228KFJ6vY1IshiqLunAIiA6xfVs_Anaj-CtbEm5QyA1kgUz5mFOhyw6zyA3M_82pshPwkZzrl-vGKAZVMOPePTYid-sMrqP1tiIfs5wJ-PA==\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/2711b457-0238-4dfc-b170-480cf46575a1<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=unB856l_GjewMq6hmLdCNg_8xTJFimv7N8kVN44x49XxgqypfZh70pH-ecvQ75GSmp3MXI6gUpqNar-IWgzTGpGB8sruJHFfqW31OIutePWF8EFiVXvrj39GTD-vlNNL1VtxYnPUoWB-OXV957nyBVyxmc8KJotsucGtjiCq_2o=\" rel=\"nofollow\" target=\"_blank\"><br \/><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bURNGn-bPlPrpJ3WHgmtYrcKqlRaNM37zRG9OBZBmU7gdnDGVp1sKn0kraWcyF9aYLk74yt-beYytMhiYknGA6T-pghvJNNvNKQlIfJI8HPlrRhcdqfN7VRD4U3LArz1y6ofVuQvTytTUdwRXSFHrzq4zkJ2V1pro6IHMKMnUhAZ0mN2SVqjSRqX5uoe7J-Z7mxMTlnU2TpApV02zyYQCvB1bQfJWCnIMwF7hbJcd8UcUq4aFdq7THvH4watSJf4hdC6sNmVx4gkM8Al6VOFZg==\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/5d1a0cc5-5be4-4dd0-ab98-e21d7d8ec267<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ2ODA1NCM2OTg5MTcxIzUwMDAzMTMxNg==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YmIxN2U1ODAtZWVhNC00NWI3LTk5YTQtYjM5MzNiNjI1MGVkLTUwMDAzMTMxNi0yMDI1LTA2LTEyLWVu\/tiny\/Tsakos-Energy-Navigation.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TEN\u2019s total future secured revenues are now in the region of $3.7 billion Tanker market fundamentals remain strong ATHENS, Greece, June 12, 2025 (GLOBE NEWSWIRE) &#8212; TEN Ltd. (NYSE: TEN) (\u201cTEN\u201d or the \u201cCompany\u201d), a leading diversified crude, product and LNG tanker operator, today announced the delivery of the eco-friendly scrubber-fitted suezmax tanker Dr Irene Tsakos and the naming of her sister vessel, Silia T, from HD Hyundai Heavy Industries Co., Ltd. (\u201cHyundai\u201d) in South Korea. The Silia T is expected to be delivered during the third quarter of 2025. The Dr Irene Tsakos and Silia T have secured long-term charters with leading European and US energy majors for a period of five and three years, respectively. The latter is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ten-ltd-announces-delivery-of-dr-irene-tsakos-an-eco-friendly-suezmax-from-hyundai-heavy-south-korea\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TEN Ltd. Announces Delivery of \u201cDr Irene Tsakos\u201d, an Eco-Friendly Suezmax From Hyundai Heavy, South Korea&#8221;<\/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-860215","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TEN Ltd. Announces Delivery of \u201cDr Irene Tsakos\u201d, an Eco-Friendly Suezmax From Hyundai Heavy, South Korea - 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-announces-delivery-of-dr-irene-tsakos-an-eco-friendly-suezmax-from-hyundai-heavy-south-korea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TEN Ltd. Announces Delivery of \u201cDr Irene Tsakos\u201d, an Eco-Friendly Suezmax From Hyundai Heavy, South Korea - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TEN\u2019s total future secured revenues are now in the region of $3.7 billion Tanker market fundamentals remain strong ATHENS, Greece, June 12, 2025 (GLOBE NEWSWIRE) &#8212; TEN Ltd. (NYSE: TEN) (\u201cTEN\u201d or the \u201cCompany\u201d), a leading diversified crude, product and LNG tanker operator, today announced the delivery of the eco-friendly scrubber-fitted suezmax tanker Dr Irene Tsakos and the naming of her sister vessel, Silia T, from HD Hyundai Heavy Industries Co., Ltd. (\u201cHyundai\u201d) in South Korea. The Silia T is expected to be delivered during the third quarter of 2025. The Dr Irene Tsakos and Silia T have secured long-term charters with leading European and US energy majors for a period of five and three years, respectively. The latter is &hellip; Continue reading &quot;TEN Ltd. 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(NYSE: TEN) (\u201cTEN\u201d or the \u201cCompany\u201d), a leading diversified crude, product and LNG tanker operator, today announced the delivery of the eco-friendly scrubber-fitted suezmax tanker Dr Irene Tsakos and the naming of her sister vessel, Silia T, from HD Hyundai Heavy Industries Co., Ltd. (\u201cHyundai\u201d) in South Korea. The Silia T is expected to be delivered during the third quarter of 2025. The Dr Irene Tsakos and Silia T have secured long-term charters with leading European and US energy majors for a period of five and three years, respectively. The latter is &hellip; Continue reading \"TEN Ltd. Announces Delivery of \u201cDr Irene Tsakos\u201d, an Eco-Friendly Suezmax From Hyundai Heavy, South Korea\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ten-ltd-announces-delivery-of-dr-irene-tsakos-an-eco-friendly-suezmax-from-hyundai-heavy-south-korea\/","og_site_name":"Market Newsdesk","article_published_time":"2025-06-12T20:11:00+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ2ODA1NCM2OTg5MTcxIzUwMDAzMTMxNg==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ten-ltd-announces-delivery-of-dr-irene-tsakos-an-eco-friendly-suezmax-from-hyundai-heavy-south-korea\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ten-ltd-announces-delivery-of-dr-irene-tsakos-an-eco-friendly-suezmax-from-hyundai-heavy-south-korea\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"TEN Ltd. 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