TEN, Ltd. Sells 2003-Built Panamax Tanker "Andes" For $13M Cash, Registering $4.6M Capital Gain
Benzinga News-desk 1 month ago
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Dynamic Fleet Growth on Track Five New-Technology Panamaxes on Order Tanker Market Fundamentals Remain Strong ATHENS, Greece, Sept. 28, 2026 (GLOBE NEWSWIRE) — TEN, Ltd. (NYSE:TEN) (the “Company”) today
Dynamic Fleet Growth on Track
Five New-Technology Panamaxes on Order
Tanker Market Fundamentals Remain Strong
ATHENS, Greece, Sept. 28, 2026 (GLOBE NEWSWIRE) — TEN, Ltd. (NYSE:TEN) (the “Company”) today reported the sale of the oldest vessel in its fleet, the 2003 Japanese-built Panamax tanker Andes, to independent third parties. The sale generated approximately $13.0 million of free cash and registered a $4.6 million capital gain, to be recorded in the third quarter of 2026.