TEN Ltd. Receives 'Best Deal' Award for Expanding to 16 Shuttle Tankers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2025
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Should l Buy TEN?
Source: Newsfilter
- Industry Recognition: TEN Ltd. received the 'Best Deal' Award on December 5, 2025, acknowledging its significant expansion into the shuttle tanker sector, which underscores the company's leadership position in the global tanker market.
- Fleet Expansion: With a pro-forma fleet of 16 vessels, including 10 under construction in South Korea, TEN has become one of the largest shuttle tanker owners globally, which is expected to enhance its market share and revenue potential.
- Revenue Backlog: The company boasts a current revenue backlog of approximately $3.0 billion, demonstrating its strong financial foundation and future growth potential, which can support ongoing business development and investments.
- Industry Impact: TEN's success not only reflects its long-standing presence and excellence in the shipping industry but also emphasizes the collective commitment shared with its counterparties and seafarers, further solidifying its market position.
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Analyst Views on TEN
Wall Street analysts forecast TEN stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 27.190
Low
35.00
Averages
37.50
High
40.00
Current: 27.190
Low
35.00
Averages
37.50
High
40.00
About TEN
Tsakos Energy Navigation Ltd is a Greece-based provider of international seaborne crude oil and petroleum product transportation services. The Company operates through the maritime transportation of liquid energy-related products segment. The Company's fleet consists of 70 vessels, constituting a mix of crude tankers, product tankers, and liquefied natural gas (LNG) carriers, totaling more than 7 million dwt. It includes VLCC, Aframax, Panamax, handysize, handymax tankers, LNG carrier, and DP2 shuttle tankers, which allows the Company to serve its customers' international petroleum product and crude oil transportation needs.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Fleet Size and Market Position: Tsakos Energy Navigation operates a fleet of 82 vessels, including DP-2 shuttle tankers, VLCCs, product tankers, and LNG carriers, with newbuildings totaling approximately 11 million dwt, establishing itself as a carrier of choice for leading energy majors like ExxonMobil and Shell.
- Market Challenges and Opportunities: The past five years have been the most challenging in the company's history, particularly due to COVID-19's significant reduction in oil demand and the war in Ukraine reshaping energy transportation routes; however, the severe shortage of available tonnage has insulated TEN, driving charter rates sharply higher.
- Surge in Charter Rates: Dr. Tsakos noted that VLCC charter rates have exceeded $100,000 per day compared to around $50,000 last year, reflecting strong demand for high-quality tonnage amid supply constraints.
- Conservative Financial Strategy: In a volatile market, Tsakos Energy Navigation has adopted a disciplined financial strategy supported by strong market fundamentals, ensuring the company remains competitive and poised to seize future growth opportunities.
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- Event Date and Venue: The 16th Annual Capital Link Greek Shipping Forum is scheduled for February 5, 2026, at the Athenaeum Intercontinental Athens, expected to attract global shipping leaders and institutions to discuss industry trends and challenges.
- Industry Leadership Participation: The forum will feature the Shipping Ministers of Greece, Cyprus, and Malta, along with the U.S. Deputy Assistant Secretary for Transportation Affairs, showcasing the regulatory dynamics affecting the global shipping sector.
- Award Ceremony: During the forum, the 2026 Capital Link Greek Shipping Leadership Award will be presented to Mr. Pantelis Eleftherios Kollakis, Chairman of Chartworld Group, recognizing his contributions to the shipping industry and Greece, thereby enhancing industry influence.
- Diverse Topic Discussions: The forum will cover various themes from energy transition to digital technology, aiming to provide forward-looking strategies that help stakeholders maintain competitiveness in a complex global environment.
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- Industry Insights Compilation: Capital Link's Q4 2025 Shipping Insights report compiles exclusive interviews with executives from the container, dry bulk, LNG, LPG, and tanker sectors, offering in-depth analyses of key industry themes that help investors navigate market dynamics.
- Regulatory and Decarbonization Focus: The report discusses regulatory updates and decarbonization efforts within the industry, highlighting their significant impact on shipping companies' capital allocation and shareholder value enhancement, reflecting the industry's commitment to sustainability.
- Global Trade Trends: By analyzing global trade trends, the report reveals how shipping companies are adjusting their strategies in a rapidly changing market environment to address future challenges and opportunities, thereby strengthening their competitive position.
- Executive Insights Sharing: The report features insights from executives of notable companies, including Capital Clean Energy Carriers Corp. and Dynagas LNG Partners LP, providing forward-looking perspectives on the future of the shipping market to aid investors in making informed decisions.
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- Online Presentation Launch: Scorpio Tankers Inc. will kick off its online corporate presentation series on January 14, 2026, at 10:00 AM ET, showcasing its business development and strategy, which is expected to attract investor interest.
- Industry Participation: The event will feature senior management from multiple publicly listed maritime companies, providing in-depth analysis of industry outlook and growth potential, thereby enhancing market confidence in the maritime sector.
- Interactive Q&A Session: Each session will include a 45-minute company slide presentation followed by a live Q&A, fostering interaction with investors and improving company transparency and investor relations.
- Subsequent Event Schedule: The presentation series will continue for several weeks, covering speeches from various maritime companies, which is anticipated to provide a platform for participating companies to enhance their market visibility and investment appeal.
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- Market Performance: The STOXX Europe 600 Index is projected to achieve an annual return of nearly 17% in 2025, attracting investors to dividend stocks, which indicates a robust economic environment and a growing demand for steady income.
- Dividend Stock Selection: Among the top ten dividend stocks, d'Amico International Shipping boasts a yield of 10.26%, highlighting its appeal in the market and potentially attracting investors seeking high returns.
- Tenaris Financial Overview: With a market cap of €17.49 billion, Tenaris generates $11.26 billion from its Tubes segment in 2025, and although its dividend yield stands at 4.1%, recent buybacks totaling $588 million may enhance shareholder value.
- Banking Sector Dynamics: Liechtensteinische Landesbank, valued at CHF 2.65 billion, offers a dividend yield of 3.2% with a payout ratio of 50.8%, indicating earnings coverage and reflecting a solid foundation amidst strategic leadership transitions.
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- Strong Market Signals: The crude tanker market is currently experiencing sustained strength, with the Baltic Index exceeding $100,000 per day for 23 days, indicating a market environment reminiscent of 2020 and 2008, which suggests enhanced long-term profitability.
- VLCC Influence Strengthens: The independent strength of VLCCs has lifted Suezmax earnings, marking a shift in market drivers and indicating a recovery across the entire tanker market, particularly with improved performance in mid-sized vessels.
- Supply and Demand Dynamics: The constrained order book due to shipyard congestion and an aging global fleet has shifted the practical scrapping age from 15 to approximately 20 years, capping downside risks and supporting a long-term market cycle.
- Capital Allocation Strategies: DHT Holdings is enhancing market credibility and supporting premium valuations through strategies centered on dividends, vessel investments, and share buybacks, demonstrating the momentum of capital allocation strategies under strong cash flows.
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