New York-listed TEN is in talks with multiple oil companies for period deals that would spur orders, according to Ben Nolan of Stifel.
While it is not clear exactly how may ships will be placed, each successful contract will see two vessels placed, the analyst said in a report issued after a meeting with management.
“The current level of interest among oil majors to provide multi-year time charter contracts is currently at levels not seen by management since the 1960's,” Nolan wrote.
