Greek shipowner Tsakos revealed today that took delivery of four LNG-powered “green ships” from Korea.

The shipowner Nikolas Tsakos, founder of Tsakos Energy Navigation (TEN), didn’t reveal any further information for the ships.

However, it is worth reminding that the Greek shipping firm TEN put an order in the year 2021 of four LNG-powered Aframax tankers at South Korea’s Daehan Shipbuilding.

The contract also included two additional (optional) 115,000-dwt ships.

The Korean yard said at that time that it would start working on the vessels in 2022 and deliver them in 2023.

The shipyard revealed that the ships had a price tag of 500 billion won, including options.

This order is significant, noted the shipyard, adding that the “strong relationship of trust with the ship owner led to this order.”

Currently Tsakos Energy Navigation boosts its fleet portfolio with the construction of a pair of MR product tankers.

The shipowner of crude tankers, product tankers and LNG carriers, in its second-quarter earnings report said that it had signed in August 2023 newbuilding contracts for the construction of two MR product tankers.

The pair of the scrubber-fitted MR product tankers is expected to be delivered in the first quarter of 2026.

The 10-green vessel newbuilding program of Tsakos Energy Navigation is on track, in accordance with the owner, who expects four dual-fuel aframaxes to be delivered from September 2023 to first quarter of 2024.

“Taking advantage of the positive environment in the tanker market the company has timely monetized a big part of its first-generation tankers and has reinvested the proceeds for new and environmentally friendly vessels, common share dividend distributions and a significant reduction of its preferred shares,” stated Mr. George Saroglou, president and COO of TEN.