TradeWinds
Shipping Index

No Hesnes sale


Chief executive Nikolas Tsakos
A Tsakos Energy Navigation spokesman is denying reports that the company has sold its oldest vessel in an $8m deal.

Brokers from two shipbroking houses report that the New York-listed owner has sold the 68,200-dwt Hesnes (built 1990).

They do not say who was believed to have purchased the Kertch-built panamax tanker.

"We have not sold the Hesnes," the Tsakos spokesman said Wednesday.

TradeWinds reported nearly two weeks ago that Athens-based Tsakos is facing between $20m to $25m in impairment charges on three 1990- and 1991-built tankers, including the Hesnes and its sistership Victory III.

In February 2006, Tsakos was reported to have sold the two panamaxes and a third sistership to Eastwind Maritime for $87m en bloc, or $29m per vessel, but the companies denied the sale a day later. The company was also said to have sold the Hesnes for $25m in 2007 in a deal that apparently never materialised.

Tsakos Energy Navigation controls 51 double-hull tankers including four newbuildings. TradeWinds has requested confirmation of the Hesnes sale from the company.

Published: 18:09 GMT, 03 Feb 10 | updated: 18:11 GMT, 03 Feb 10
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