George Saroglou, coo of TEN, noted that the transactions has enabled the company to proceed with its policy of maintaining a modern fleet through sales of first-generation vessels.
“Regardless of the short term challenges the market is facing due to the coronavirus, longer term market prospects remain positive,” Saroglou said.
“With a strong balance sheet and growing cash reserves, a young fleet much in demand by high-end charterers and timely divestment of sales, TEN remains focused on healthy shareholders returns and responsible growth when opportunities arise,” he added.
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