TEN News & Events

TEN Ltd. announced the employment extension for two DP2 shuttle tankers, in direct continuation of the existing charters which commenced at delivery back in 2013, for up to five years each. These new charters are scheduled to come into effect upon expiration of the existing 15-year contracts around mid-2028 and are expected to generate gross revenues in excess of $200M over their duration.

Latest data shows the largest indicative borrow rate increases among liquid option names include: Grabagun Digital Holdings Inc. (PEW) 5.85% +3.97, Direxion Daily 20 plus Year Treasury Bear 3X Shares (TMV) 33.13% +1.91, Mesoblast (MESO) 16.87% +1.06, T-REX 2X Long BMNR Daily Target ETF (BMNU) 24.42% +0.73, Olaplex Holdings (OLPX) 1.97% +0.64, iShares Turkey (TUR) 9.26% +0.53, Gold Bear 3x (DUST) 10.85% +0.42, Tenneco Inc (TEN) 1.75% +0.32, TSLR ETF (TSLR) 6.39% +0.30, and Novartis (NVS) 0.59% +0.26.

Reports Q4 revenue $222.1M vs. $188.3M last year. "TEN is maintaining its steady course of dynamic fleet modernization, cash generation and growing market share for its top tier clients," stated Mr. George Saroglou, President & COO of TEN. "As we navigate these market defining times, we remain confident that TEN will further reward shareholders with increased dividends and value appreciation going forward," Mr. Saroglou concluded.