On October 10, 2023, TEN Ltd. celebrated its 30-year journey from a small fleet of four tankers to one of the world's largest independent energy transporters in the world owning a versatile fleet of 68 modern crude and product tankers, shuttle tankers and liquefied natural gas.
To mark this unique milestone TEN held an event in New York City, featured notable guests, including Mrs. Nicole Petalides from Schwab Network, who delivered introductory remarks in the presence of Mr. Chris Taylor, Vice President and Global Head of Listings & Services at NYSE, Mr. Stefan Jekel, Head of International Listings at NYSE, and other distinguished guests from the international shipping industry, banking and investment communities to mark this monumental occasion.
TEN Ltd. has a strong track record, having generated over $2.5 billion in net income during its 20-year presence on NYSE and consistently paid dividends exceeding $750 million. The company's commitment to fleet modernization and environmental sustainability is exemplified by a $6.0 billion newbuilding program.
In September 2023, TEN Ltd. welcomed its first LNG-powered Aframax tanker, Njord DF, as part of its green growth program. This marks the beginning of TEN's fleet expansion, with nine more eco-designed vessels planned for introduction in the next ten quarters.
As of today, the company has secured a fleet revenue backlog of over $2.5 billion.
Dr. Nikos Tsakos, Founder and CEO of the Company commented: "This exceptional moment represents a significant milestone in our history as a publicly traded company that not only celebrates its achievements but more importantly, it propels us to look ahead into our next chapter and continue to push forward to better our business and our practices. We are grateful and appreciative to all our associates for their efforts so far and remain enthusiastic as we embark on the next phase of the Company’s development for the benefit of our shareholders.
ELNAVI Newsletter
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