Tsakos Energy Navigation (TEN) hopes to complete a long-awaited listing of a master limited partnership (MLP) within the next 12 months amid the promise of further newbuilding orders that would be suitable for the vehicle.
Nikolas Tsakos, chief executive of the New York-quoted owner, says the aim is to complete the spin-off during the first half of 2015.
Tsakos says the company has suezmax tankers, shuttle tankers and LNG carriers with contracts of five years or more, making them suitable for an MLP.
TEN
