Tsakos frees up $100m-plus with veteran suezmax sales

Tsakos Energy Navigation (TEN) is selling another two ageing suezmaxes, releasing more than $100m into its cash reserves as a 26-ship newbuilding programme steadily feeds younger tonnage into the fleet. The New York-listed Greek owner said the two ships were built in 2006 but did not identify them, disclose the buyer or give individual sale … Read full article →