TEN News & Events

TEN, Ltd. files automatic mixed securities shelf

TEN Ltd. announced the order of a second LNG carrier at Hyundai Heavy Industries in South Korea, with expected delivery in the first quarter of 2029. With this order, TEN's newbuilding program reaches 20 vessels, the first of which, the Anfield DP, a DP2 Shuttle tanker, is scheduled for delivery in late July with a minimum 10-year employment to a U.S. oil major, which, through extension options could stretch to 20 years.

TEN Ltd. announced the employment extension for two DP2 shuttle tankers, in direct continuation of the existing charters which commenced at delivery back in 2013, for up to five years each. These new charters are scheduled to come into effect upon expiration of the existing 15-year contracts around mid-2028 and are expected to generate gross revenues in excess of $200M over their duration.

Latest data shows the largest indicative borrow rate increases among liquid option names include: Grabagun Digital Holdings Inc. (PEW) 5.85% +3.97, Direxion Daily 20 plus Year Treasury Bear 3X Shares (TMV) 33.13% +1.91, Mesoblast (MESO) 16.87% +1.06, T-REX 2X Long BMNR Daily Target ETF (BMNU) 24.42% +0.73, Olaplex Holdings (OLPX) 1.97% +0.64, iShares Turkey (TUR) 9.26% +0.53, Gold Bear 3x (DUST) 10.85% +0.42, Tenneco Inc (TEN) 1.75% +0.32, TSLR ETF (TSLR) 6.39% +0.30, and Novartis (NVS) 0.59% +0.26.