TEN Announces Delivery Of First Of Four LNG Powered Aframax Tankers; Gross Revenues From This Four-Vessel Industrial Program Are Expected To Reach $520M Should All Extension Options Get Exercised
Portfolio Pulse from Bill Haddad
TEN has announced the delivery of the first of four LNG powered Aframax tankers. The gross revenues from this four-vessel industrial program are expected to reach $520M if all extension options are exercised.
October 05, 2023 | 1:08 pm
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TEN's delivery of the first of four LNG powered Aframax tankers could potentially increase the company's gross revenues to $520M if all extension options are exercised.
The delivery of the first of four LNG powered Aframax tankers by TEN is a significant development for the company. If all extension options are exercised, this could potentially increase the company's gross revenues to $520M. This news is highly relevant and important for investors in TNP as it indicates potential revenue growth.
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