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 - Petrobras, expected to generate $2 billion in gross revenues. This move positions 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 - Petrobras, with expected revenues of $2 billion. This positions TEN as a leading independent shuttle tanker operator.
The announcement of building nine DP2 shuttle tankers with a long-term contract with Petrobras is a significant development for TEN Ltd. It ensures a steady revenue stream of $2 billion over 15 years, enhancing its market position as a leading shuttle tanker operator. This is likely to positively impact TEN's stock price in the short term.
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