TEN Ltd. Announces Sale of Two First-Generation Suezmax Tankers
Tsakos Energy Navigation Ltd. (NYSE: TEN) announced the sale of two 2006-built Suezmax tankers as part of its ongoing fleet renewal program. This transaction is expected to increase company cash reserves by over $100 million, contributing to TEN's strategy of modernizing its diversified energy fleet. With 7 out of 26 newbuildings already delivered,…