TEN Ltd. Announces Order Of Second LNG Carrier At Hyundai Heavy Industries In South Korea, With Expected Delivery In Q1 Of 2029
20-vessel newbuilding program on schedule Shuttle tanker Anfield DP to be delivered in July 2026 in South Korea $3.5 billion in minimum secured revenues ATHENS, Greece, July 01, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN ) ("TEN" or the "Company"), a leading diversified tanker and LNG operator, today announced the order of a second LNG carrier at Hyundai Heavy Industries in South Korea, with expected delivery in the first quarter of 2029. With this order, TEN’s newbuilding program reaches 20 vessels, the first of which, the Anfield DP, a DP2 Shuttle tanker, is scheduled for delivery in late July 2026 with a minimum 10-year employment to a U.S. oil major, which, through extension options could stretch to 20 years.
20-vessel newbuilding program on schedule Shuttle tanker Anfield DP to be delivered in July 2026 in South Korea $3.5 billion in minimum secured revenues ATHENS, Greece, July 01, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN ) ("TEN" or the "Company"), a leading diversified tanker and LNG operator, today announced the order of a second LNG carrier at Hyundai Heavy Industries in South Korea, with expected delivery in the first quarter of 2029.
With this order, TEN’s newbuilding program reaches 20 vessels, the first of which, the Anfield DP, a DP2 Shuttle tanker, is scheduled for delivery in late July 2026 with a minimum 10-year employment to a U.S. oil major, which, through extension options could stretch to 20 years.