Beverly Hills 12/1/2009 5:55:51 AM
News / Business

Tsakos Energy Navigation Announces New Charter

Finance World News Update by EQUITIES Magazine

In move expected to generate roughly $32 million in revenue, Greek shipping company Tsakos Energy Navigation Ltd announced today that it has entered into time-charters for four handymax MR product tankers.

 

The name of the oil client involved in the deal was not disclosed. The vessels involved were previously operating in the spot market.

 

With the news, Tsakos Energy Navigation's fixed employment including pool vessels for 2010 and 2011 is roughly 70 percent and 50 percent, respectively.

 

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