L4 Logistics | Transport Shipping and Logistics News

 The chart below indicates the profile of the fleet acquired:VesselDwtBuiltYardIce-ClassLR Aframax    1. Proteas116,000May 2006Hyundai Heavy Industries1A2. Promitheas116,000August 2006Hyundai Heavy Industries1A3. Propontis116,000October 2006Hyundai Heavy Industries1AMR Handymax    1. Ariadne52,800November 2005Hyundai Mipo Dockyard1A2. Artemis52,800August 2005Hyundai Mipo Dockyard1A3. Afrodite53,039August 2005Hyundai Mipo Dockyard1A4. Apollon53,148May 2005Hyundai Mipo Dockyard1A5. Aris53,106April 2005Hyundai Mipo Dockyard1A6. Ajax53,264March 2005Hyundai Mipo Dockyard1A“We are pleased with the timely and efficient delivery of the vessels and we look forward to them generating cash for the company immediately. To this effect, we would like to express our sincere gratitude to Western Petroleum for the cooperation and effort to effect all deliveries in a space of only four weeks and most importantly in a seamless and professional manner.” stated Mr. Nikolas P. Tsakos, President and Chief Executive Officer of TEN. “Our fleet has now been elevated to a higher plateau of diversity and versatility which provides our clients with an enhanced variety of options to meet their transport requirements. We are encouraged by the interest we have seen for such vessels in the chartering community and expect the generation of earnings to become apparent in our bottom line from now and into the future ” Mr. Tsakos concluded. Source: Press Release