Tanker News

Tsakos Energy Navigation reveals MR newbuild orders

Tsakos Energy Navigation (TEN) has lifted its newbuilding orderbook to 10 ships. 

The Greek tanker and LNG carrier owner revealed in its second-quarter earnings report that it had recently contracted a pair of MR product tankers at an unnamed shipyard.

The New York-listed company disclosed no further details except that the scrubber-fitted ships will deliver in the first quarter of 2026. Depending on the country of build, delivery and ship specifications, 50,000 dwt newbuild MRs are quoted by brokers at about $47m.

TEN, with a fleet of 68 ships, including those under construction, will celebrate its 30th year as a public company in October. The company logged a first-half 2023 profit of $237m versus a $51.7m profit in the corresponding period in 2022.


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