Tsakos Energy announces three-year time charters for five tankers

theflyonthewall.com

Tsakos Energy Navigation announced three-year charters for five Panamax LR1 product tankers to a major national end-user. These fixtures are expected to generate close to $80M in gross revenues over the duration of their contracts. Inclusive of the above, the total revenue of the Company's secured fleet, excluding any profit sharing arrangements, is over $1B.

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