iMarine

Tsakos Energy Navigation Expands Brazilian Offshore Presence with Third DP2 Shuttle Tanker Delivery from Samsung Heavy Industries

On July 24, Greek shipowner Tsakos Energy Navigation (TEN) announced via its official website the naming and delivery of the “Anfield DP,” a DP2-class Suezmax shuttle tanker built by Samsung Heavy Industries. This vessel is the third newbuild in a series of 12 DP2-class shuttle tankers being constructed by Samsung Heavy Industries.

The vessel will commence a 10-year employment with a U.S. oil major, with options to extend until the vessel’s 20th year anniversary. The delivery of “Anfield DP” further advances the company’s second-phase expansion in the Brazilian offshore space, having established a presence in this “high barriers-to-entry” market since 2012.

The naming ceremony was attended by dignitaries from Greece, South Korea, and the United States. Her Excellency, Ms. K. Guilfoyle, the U.S. Ambassador to Greece, named the vessel, which hoisted the Greek flag.

With this latest addition, TEN operates seven shuttle tankers on long-term employment, with nine more on order. Minimum gross revenues from the backlog of long-term charters are currently approximately $3.5 billion.

In March 2025, TEN placed an order with Samsung Heavy Industries for nine 158,000-dwt Suezmax shuttle tankers, valued at over $1.3 billion. At the time, TEN stated that these new vessels were specifically designed for the offshore transport of crude oil; they would be equipped with DP2 dynamic positioning systems and advanced technologies aimed at reducing emissions and enhancing fuel efficiency, with each vessel capable of carrying up to one million barrels of crude oil.

TEN, founded in 1993 and celebrating this year 33 years as a public company, is one of the first and most established public shipping companies in the world. TEN’s diversified energy fleet currently consists of 82 vessels, including twelve DP2 shuttle tankers, two scrubber-fitted Suezmax vessels, two scrubber-fitted MR product tankers, and five scrubber-fitted LR1 tankers under construction, comprising a mix of crude tankers, product tankers, and LNG carriers, totaling 10.1 million dwt.

RELATED NEWS

Most Popular