TEN Ltd (TNP) Misses Q3 EPS by 60c

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TEN Ltd Reports Results for the Third Quarter and Nine Months Ended September 30, 2021

December 16, 2021 7:55 AM EST

Positive cash-flow despite weak freight market and increased dry-dockings

$500 million in minimum revenues from recent long-term charters

New LNG vessel with market-related employment rate to be delivered in January 2022

Initiation of dual-fuel fleet expansion with long-term charters to oil majors

Drastic debt and opex reduction

Strong product and LNG market recovery

ATHENS, Greece, Dec. 16,... More