TNP

TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares

Retrieved on: 
Monday, April 8, 2024
TNP, LNG, Life insurance

ATHENS, Greece, April 08, 2024 (GLOBE NEWSWIRE) --  TEN Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the “Series F Preferred Shares”; NYSE: TNPPRF).

Key Points: 
  • ATHENS, Greece, April 08, 2024 (GLOBE NEWSWIRE) --  TEN Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the “Series F Preferred Shares”; NYSE: TNPPRF).
  • The dividend on the Series F Preferred Shares is for the period from the most recent dividend payment date on January 30, 2024 through April 29, 2024.
  • The dividend on the Series F Preferred Shares will be paid on April 30, 2024 to all holders of record of Series F Preferred Shares as of April 25, 2024.
  • TEN has 6,747,147 Series F Preferred Shares outstanding as of the date of this press release.

TEN Ltd. Reports Record Profits for Year-End and Fourth Quarter 2023 Results and Dividend of $0.60 per Common Share

Retrieved on: 
Wednesday, March 27, 2024
Employment, Growth, Environment, Depreciation, TNP, Interest, TCE, LNG, LR2, Cryptocurrency

Greece, March 27, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) reports results (unaudited) for the fourth quarter and the year ended December 31, 2023.

Key Points: 
  • Greece, March 27, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) reports results (unaudited) for the fourth quarter and the year ended December 31, 2023.
  • The Company’s total debt obligations were reduced from the 2022 level and settled at $1.56 billion at December 31, 2023.
  • This elevated rate environment resulted to an increase of interest income from $2 million in 2022 to $15 million in 2023.
  • Fleet utilization reached 98.3% in the fourth quarter of 2023 from a still high 97.4% in the 2022 fourth quarter due to the increase of vessels in time-charter employment.

Decklar Resources Updates Crude Oil Injection Volumes From the Oza Oil Field Through the Trans Niger Pipeline and Sales to Local Refinery

Retrieved on: 
Wednesday, March 27, 2024
Shell, Millennium, TNP, Forçados, OTC, Oil

Decklar Resources Inc. and its co-venturer Millenium Oil & Gas Company Limited announce continued crude oil injection volumes from the Oza Oil Field through the Trans Niger Pipeline to the Bonny Export Terminal.

Key Points: 
  • Decklar Resources Inc. and its co-venturer Millenium Oil & Gas Company Limited announce continued crude oil injection volumes from the Oza Oil Field through the Trans Niger Pipeline to the Bonny Export Terminal.
  • Decklar and Millenium sell additional crude oil production from the Oza Oil Field to a local refinery in Edo State.
  • Crude oil production from the Oza Oil Field through the TNP to the Bonny Export Terminal is being sold to Shell Western Supply and Trading Limited (“Shell”).
  • Crude oil held in storage at the Oza Oil Field and crude oil being produced into storage tanks from the Oza-1 and Oza-4 wells is being transported by truck a short distance in-field to the transfer pumping station at the Oza Oil Field for injection into the TNP.

TEN, Ltd. Announces Date of Fourth Quarter and Year End 2023 Results, Conference Call and Webcast

Retrieved on: 
Thursday, March 21, 2024
International, ID, Webcast, TNP, LNG, Broadcasting

The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release.

Key Points: 
  • The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release.
  • Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call.
  • Simultaneous Slides and Audio Webcast:
    There will also be a live, and then archived, webcast of the conference call and accompanying slides, available through the Company’s website.
  • Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

The Nora Project Demonstrates Transformative SEL Practices through STEMpathy Program

Retrieved on: 
Tuesday, March 12, 2024
Disability studies, Transformative use, Education, Integration, Experiential learning, Child, Student, TNP, Curriculum, Multimedia, Engineering, Nursing

CHICAGO, March 12, 2024 /PRNewswire/ -- The Nora Project (TNP), a nonprofit committed to building inclusive classrooms, has been recognized as a promising approach to social and emotional learning (SEL) by CASEL, a multi-disciplinary network of researchers, educators, practitioners, and child advocates committed to making SEL part of all students' education.

Key Points: 
  • The Nora Project's STEMpathy program is cited in the CASEL white paper Integrated Learning, Integrated Lives: Highlighting Opportunities For Transformative SEL Within Academic Instruction , as an example of equity, meaningful inclusion and innovation in social-emotional learning.
  • The program provides opportunities for Transformative SEL by prioritizing relationship-building and engaging students as changemakers, all while providing opportunities for students to practice critical SEL competencies," said Heather Schwartz, Practice Specialist at CASEL.
  • "STEMpathy provides foundational disability knowledge and guides learners as they evaluate their environments, identify problems, and find solutions," said Courtney Adams, a co-author of STEMpathy and Head of Program Implementation at The Nora Project.
  • For more information about STEMpathy, and other programs from The Nora Project, visit Program Overview .

“2024 CAPITAL LINK GREEK SHIPPING LEADERSHIP AWARD”

Retrieved on: 
Wednesday, February 14, 2024
TNP, Culture, Greek shipping, Commerce, Golden Joystick Awards, UGS, University, Union, MLP, Transport, In.gr, Committee, Bayes Business School, Human, Professor, Marketing, Management, DIS, INTERCARGO, Lunch, University of London, BIT, Rail transport by country, INTERTANKO, Baltic Exchange, HMLA, ETF, HELMEPA, LTD, Grimaldi Group, Business, Felicity Lott, Capital, RINA, Master of Science, Freight transport, Hellenic, MD, International Maritime Organization, Russian National Wealth Fund, International Centre, Oslo Stock Exchange, Mobility, Cryptocurrency

Capital Link Greek Shipping Leadership Award, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The "2024 Capital Link Greek Shipping Leadership Award" was presented to TEN LTD. -TSAKOS ENERGY NAVIGATION LTD., (NYSE: TNP) for reaching the milestone of 30 successful years as a public company, and to Dr. Nikolas P. Tsakos, Founder & CEO - TEN Ltd. (NYSE: TNP); Chairman INTERTANKO (2014-2018), for his outstanding contribution to Greek & global shipping.

Key Points: 
  • Capital Link Greek Shipping Leadership Award, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The "2024 Capital Link Greek Shipping Leadership Award" was presented to TEN LTD. -TSAKOS ENERGY NAVIGATION LTD., (NYSE: TNP) for reaching the milestone of 30 successful years as a public company, and to Dr. Nikolas P. Tsakos, Founder & CEO - TEN Ltd. (NYSE: TNP); Chairman INTERTANKO (2014-2018), for his outstanding contribution to Greek & global shipping.
  • The Award Ceremony took place on Thursday, February 8, 2024, at the luncheon held in the context of the 14th Annual Capital Link Greek Shipping Forum.
  • With attendance exceeding 1,000, of which 750 attended the luncheon, the event featured the institutional and industry leadership of global and Greek shipping, and it has thus been rightly labeled as an unofficial Summit of Global Shipping.
  • The “Capital Link Greek Shipping Leadership Award” is presented annually to a leading maritime figure of the Greek Shipping Community who has gained the respect and the appreciation of the international shipping industry and who is also recognized for their outstanding contribution to elevating Greek Shipping to its leadership position globally.

TEN Ltd. Declares Dividend on its Series E Cumulative Perpetual Preferred Shares

Retrieved on: 
Wednesday, February 7, 2024
LNG, TNP, Holding company

ATHENS, Greece, Feb. 07, 2024 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares (the “Series E Preferred Shares”; NYSE: TNPPRE).

Key Points: 
  • ATHENS, Greece, Feb. 07, 2024 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares (the “Series E Preferred Shares”; NYSE: TNPPRE).
  • The dividend on the Series E Preferred Shares is for the period from the most recent dividend payment date of November 28, 2023 through February 27, 2024.
  • The dividend on the Series E Preferred Shares will be paid on February 28, 2024 to all holders of record of Series E Preferred Shares as of February 23, 2024.
  • This is the 28th dividend on the Series E Preferred Shares since their commencement of trading on the New York Stock Exchange.

TEN Ltd. Announces the Acquisition of a Fleet of Five Modern Environmentally-Friendly Vessels

Retrieved on: 
Wednesday, January 31, 2024
Suezmax, Ship, Sale, Employment, Nordea, TNP, Acquisition, Fuel oil

ATHENS, Greece, Jan. 31, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) announces the acquisition of five high-spec environmentally-friendly vessels from Norway’s Viken Crude AS. The fleet is comprised of two 2023-built Dual-Fuel LNG LR2 aframaxes, one 2019-built super-eco suezmax and two 1A ice-class scrubber-fitted aframaxes built in 2018 and 2019 respectively.

Key Points: 
  • ATHENS, Greece, Jan. 31, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) announces the acquisition of five high-spec environmentally-friendly vessels from Norway’s Viken Crude AS.
  • The fleet is comprised of two 2023-built Dual-Fuel LNG LR2 aframaxes, one 2019-built super-eco suezmax and two 1A ice-class scrubber-fitted aframaxes built in 2018 and 2019 respectively.
  • The vessels have an average employment of two years with fixed and profit-sharing features totaling over $100 million in minimum gross revenues.
  • With this acquisition, TEN’s LNG-powered tankers, after the recent delivery of its four-new vessel program, increases to six, its scrubber-fitted vessels to 12, its vessels with ice-class capabilities to 17 and the pro-forma fleet to 72 diversified ships of all categories.

TEN Ltd. Announces the Sale of a 2005-Built Suezmax Tanker and Completion of the First Phase of Its Dual-Fuel Renewal Program

Retrieved on: 
Monday, January 22, 2024
Ithaca (island), Employment, TNP, Sale, Suezmax

ATHENS, Greece, Jan. 22, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) announces the sale of the 2005-built suezmax tanker Eurochampion 2004 and the concurrent delivery of two LNG powered aframax tankers, the Chios DF and the Ithaki DF, the last remaining vessels in a series of four high-spec eco-designed tankers built against long-term employment to a major oil concern.

Key Points: 
  • The Eurochampion 2004 which was debt free, will contribute approximately $40 million to the Company’s cash balances with management in continuous discussions for further such sales in the near future.
  • “The sale and delivery of these three vessels constitute another milestone for TEN as it highlights the Company’s commitment to fleet renewal by combining profitable vessel divestments with deliveries of high-end “green” vessels on long-term contracts,” Mr. George Saroglou, President & COO of TEN commented.
  • “The Eurochampion 2004 has served the Company well over the years and we wish her new owners “calm seas” in her journeys.
  • With the all LNG-powered vessels now delivered, management will continue to explore growth opportunities on both the newbuilding and secondhand front while maintaining its interest in strategic sales to ensure a seamless fleet transition going forward,” Mr. Saroglou concluded.

TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares

Retrieved on: 
Tuesday, January 9, 2024
LNG, TNP

ATHENS, Greece, Jan. 09, 2024 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the “Series F Preferred Shares”; NYSE: TNPPRF).

Key Points: 
  • ATHENS, Greece, Jan. 09, 2024 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the “Series F Preferred Shares”; NYSE: TNPPRF).
  • The dividend on the Series F Preferred Shares is for the period from the most recent dividend payment date on October 30, 2023 through January 29, 2024.
  • The dividend on the Series F Preferred Shares will be paid on January 30, 2024 to all holders of record of Series F Preferred Shares as of January 25, 2024.
  • TEN has 6,747,147 Series F Preferred Shares outstanding as of the date of this press release.