Tsakos Energy Navigation (TEN) chartered out two suezmax tankers on three-year charters.

The New York-listed tanker owner said the two unidentified ships went to a "major US oil concern." The charters are scheduled to commence in early September upon completion of their current employment.

Terms were not released, except that the fixtures contain a profit sharing arrangement.

Chief operating officer George Saroglou said that 75% of the TEN fleet has secured employment resulting in a $1.5bn