Panamax Tanker

Ten Declares Ninefold Increase Of Net Income From Q1

  • Ninefold increase of net income from Q1 2022
  • 6mo net income of $51.7 million
  • 6mo EBITDA $133.3 million
  • 50% increase in common stock dividend from July 2022
  • Half a billion dollars distribution since 2002 NYSE listing
  • Long-term market fundamentals remain strong

Today, the results (unaudited) for the six months and second quarter ended June 30, 2022, were released by TEN, Ltd (TEN) (NYSE: TNP) (the “Company”).

Six months 2022 summary results

As global oil demand seems to be recovering from the...

https://mfame.guru/ten-declares-ninefold-increase-of-net-income-from-q1/

Vessel Speeds Indicates Sector’s COVID-19 Recovery

Sharp rise in Vessel speeds indicates a gradual recovery of the sector from the COVID19 crisis, says an article published in Ship & Bunker.

Containership

According to shipping intelligence, Panamax container ship speeds climbed for a third month in August. Average laden Panamax speeds were 14.42 knots in August, up by 2.2% from a month earlier.

Impact on bunker demand

Ship operators changing speeds according to strength or weakness in freight markets and bunker prices can have a significant impact...

https://mfame.guru/vessel-speeds-indicates-sectors-covid-19-recovery/