TEN, Ltd. Sells Oldest Panamax, Books $4.6M Gain
TEN sold the 2003-built Panamax tanker Andes, generating approximately $13.0M of free cash and a $4.6M capital gain to be recorded in Q3 2026. The company highlighted a 26-vessel orderbook, including five new Panamaxes.Material DetailsContext by AI AnalystThis is a mid-cycle fleet renewal step, swa…