TEN sells two 2006-built Suezmax tankers, expects over $100 million cash boost - TEN News | RalliesTEN sells two 2006-built Suezmax tankers, expects over $100 million cash boost
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TEN• Fleet renewal sale boosts cash reserves
- TEN sold two 2006-built Suezmax tankers as part of its fleet renewal program.
- The transaction is expected to add more than $100 million to cash reserves.
- The sale follows delivery of the shuttle tanker Anfield in late July.
Newbuilding program and secured revenues
- The company cited a 26-vessel newbuilding program, with seven vessels delivered and chartered.
- TEN reported $3.5 billion in future minimum secured revenues.
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