Core Insights - TEN Ltd. has secured total future revenues of approximately $3.7 billion through long-term charters with major energy companies [1][3] - The company continues to expand its fleet with the delivery of eco-friendly vessels, enhancing its operational capacity and commitment to sustainable energy transportation [2][5] Company Developments - The delivery of the eco-friendly scrubber-fitted suezmax tanker Dr Irene Tsakos and the naming of its sister vessel Silia T mark significant milestones in TEN's fleet renewal strategy [2][6] - The Dr Irene Tsakos has secured a five-year charter, while Silia T has a three-year charter with options to extend, contributing to the company's revenue backlog [3][6] - TEN currently has 19 vessels under construction, with deliveries scheduled between Q3 2025 and Q4 2028, including a mix of shuttle tankers, crude carriers, and product tankers [4][9] Fleet and Capacity Expansion - Since initiating the 'Greenship' program in January 2023, TEN has divested 14 older vessels totaling 1.2 million dwt and replaced them with 30 new eco-friendly vessels totaling 3.7 million dwt [5] - The company's fleet now consists of 82 vessels, with 63 currently in operation, reflecting a significant increase in total carrying capacity [4][9]