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Tsakos Energy Navigation Orders Second LNG Carrier from HD Hyundai

Greek shipping firm Tsakos Energy Navigation (TEN) has placed an order for a second liquefied natural gas (LNG) carrier with HD Hyundai Heavy Industries in South Korea. This new vessel is anticipated to join the fleet in the first quarter of 2029, further expanding TEN's gas…

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YLOAD News Desk
Published July 2, 2026 at 05:00 AM UTC
Source: Splash247
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Tsakos Energy Navigation (TEN), a Greek shipping company, has confirmed an order for an additional liquefied natural gas (LNG) carrier from South Korea's HD Hyundai Heavy Industries. This marks the second such vessel ordered by TEN from the shipbuilder, with the delivery of this latest unit projected for the first quarter of 2029. Specific details regarding the vessel's cost or any potential charter agreements were not disclosed at the time of the announcement.

For freight forwarders and operations managers, this expansion of the global LNG fleet signifies a growing capacity in the specialized gas transport sector. While direct impact on general container or dry bulk rates is minimal, increased LNG carrier availability could indirectly support energy supply chains, potentially influencing industrial production and associated freight demand. The long lead time for delivery (2029) suggests a strategic, long-term fleet development rather than an immediate response to market fluctuations.

Original source
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Splash247
July 2, 2026 at 05:00 AM UTC
splash247.com
Read at Splash247
This summary was condensed by the YLOAD News editorial system from the original reporting by Splash247. Read the original at the link above for full context, figures and quotes. See our methodology for details.
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