TEN Ltd Sells Two Suezmax Tankers; Transaction To Release Over $100M To Cash Reserves
Benzinga Newsdesk 2 months ago
M&A
TEN Ltd (NYSE: TEN). Following the recent delivery of the shuttle tanker Anfield from Samsung shipyard in South Korea in late July, TEN announced today the sale of two 2006-built Suezmax tankers. This transaction will
TEN Ltd (NYSE: TEN). Following the recent delivery of the shuttle tanker Anfield from Samsung shipyard in South Korea in late July, TEN announced today the sale of two 2006-built Suezmax tankers. This transaction will release in excess of $100 million to the company’s cash reserves.