Tsakos Energy Navigation (TEN), a US-listed tanker company, said on Friday it sold five tankers to raise $104m in total that it will use to cut debt and boost liquidity.
The Tsakos family outfit shed three suezmaxes and two handysize product tankers, according to a company statement. It identified neither the vessels sold, nor the parties who bought them. Tsakos executives were not immediately available to clarify.
