TEN, Ltd. Reports Profits for the Second Quarter and First Half of 2025
1. TEN reports $390.4 million in gross revenue for H1 2025. 2. Fleet utilization improved to 96.9%, reflecting operational efficiency. 3. $0.60 semi-annual dividend paid in July 2025, with another expected. 4. Demand for tankers remains strong despite tariff impacts on stocks. 5. New VLCC orders enhance fleet capacity, scheduled for delivery starting 2027.