Tsakos Energy wins three-year suezmax tanker charter

|About: Tsakos Energy Navigation Li... (TNP)|By:, SA News Editor

Tsakos Energy Navigation (TNP +0.9%) trades higher after announcing a "major" European oil company would charter one of its Suezmax crude oil tankers for up to 36 months.

TNP says the charter will generate ~$23M in gross revenue if the customer keeps the vessel for the entire term.

The company says the tanker currently is being used in the global spot market at a minimum rate.

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