TEN Ltd. Announces the Building of Nine DP2 Shuttle Tankers in South Korea With 15-Year Employment to Transpetro - Petrobras
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TEN Ltd. is set to build nine DP2 shuttle tankers in South Korea, with a 15-year employment contract with Transpetro, a subsidiary of Petrobras. The project is expected to generate gross revenues of $2.0 billion, positioning TEN as a major independent shuttle tanker operator.
March 18, 2025 | 1:30 pm
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TEN Ltd. is constructing nine DP2 shuttle tankers in South Korea, backed by a 15-year contract with Transpetro, a Petrobras subsidiary. This deal is expected to bring in $2.0 billion in gross revenues, enhancing TEN's position in the shuttle tanker market.
The construction of nine DP2 shuttle tankers and the long-term contract with Transpetro will significantly boost TEN's revenues and market position, likely leading to a positive impact on TNP's stock price.
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