Tsakos Energy Navigation, a US-listed owner of more than 70 vessels on the water or under construction, revealed a bold, fresh newbuilding move on Thursday.
As part of its first-quarter results, the company said it has signed five LR1 newbuildings with a Far Eastern yard.
The scrubber-fitted panamax tankers will be delivered between the second quarter of 2027 and the third quarter of 2028, TEN said without giving further details.
