Independent journal on economy and transport policy
04:35 GMT+1
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Greek TEN announces the intention to widen own presence in the market LNG
Ordered a new ship to Hyundai Heavy Industries with option for a second unit
April 10, 2012
The shipowning society Greek Tsakos Energy Navigation (TEN) has ordered to the South Korean navalmeccanico group Hyundai Heavy Industries (HHI) the construction of a ship for which liquified natural gas with delivery in the first trimester of the 2015 and option for a second unit of the same type.
In occasion of the today's announcement of the order, the president of the TEN, John Stavropoulos, has explained that the field LNG and the market of the shuttle tanker offshore will more and more constitute the fulcrum of the activity of the Greek company: these sections - it has found - offer charterings in the long term that they allow to determine future revenues and profits and that they afford to the company to maintain own solidity patrimonial.
Currently in the fleet of the TEN, that it is constituted by 48 ships, figure a single ship LNG, the New Energy, constructed also it from the HHI, unit of which is announced today the start of a period of chartering of the duration four-year-old.
The president and managing director of the Greek company, Nikolas P. Tsakos, have remembered that to these new orders in the segment LNG the contracts for the construction of two shuttle join tanker that the TEN will take in delivery in first and according to trimester of 2013 and that mail rental for 15 years have been with a South American oil group for the total minimal revenue of beyond 500 million dollars.
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The shipowning society Greek Tsakos Energy Navigation (TEN) has ordered to the South Korean navalmeccanico group Hyundai Heavy Industries (HHI) the construction of a ship for which liquified natural gas with delivery in the first trimester of the 2015 and option for a second unit of the same type.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
