Tsakos adds second LNG carrier at HD Hyundai
The Greek owner’s newbuilding programme climbs to 20 ships spanning LNG carriers, tankers and shuttle tankers
Greek owner Tsakos Energy Navigation has ordered a second LNG carrier at HD Hyundai Heavy Industries in South Korea, with delivery expected in the first quarter of 2029. No price or charter details were disclosed for the latest vessel.
The order takes TEN's newbuilding programme to 20 ships, spanning LNG carriers, tankers and shuttle tankers. The first unit in the current programme, the shuttle tanker Anfield DP, is due for delivery in South Korea later this month. TEN said that vessel carries a minimum 10-year employment contract with a US oil major, with options that could extend the deal to 20 years.
President and chief operating officer George Saroglou said the company is expanding in LNG, a sector it has been active in since 2007. The latest order follows TEN's first LNG carrier newbuilding of the year, placed in February at the same yard; that 174,000 cu m vessel was reported at about $254m and is scheduled for delivery in the third quarter of 2028.
TEN first moved into LNG shipping in 2007 with the delivery of Neo Energy, reported sold in 2024, and currently lists two LNG carriers in its fleet, the 2016-built Maria Energy and the 2022-built Tenergy. Including newbuildings, the owner's pro forma fleet now stands at 83 vessels — crude and product tankers, LNG carriers and shuttle tankers — with more than 11m dwt of carrying capacity.
