New York-listed TEN has today booked up to four LR1 newbuildings against five-year charters with a mystery oil major – further boosting its potential for launching an MLP.

The two firm vessels are against charters with a 50/50 profit split above what the owner calls an “accretive base rate”.

Tsakos – which stated it was on the verge of deals for up to six tankers just a couple of weeks ago – says the duo will be delivered in the second half of 2016.

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