TEN, Ltd. Sells 2003-Built Panamax Tanker "Andes" For $13M Cash, Registering $4.6M Capital Gain

TEN, Ltd. has sold its 2003-built Panamax tanker 'Andes' for $13 million, resulting in a capital gain of $4.6 million, which will be recorded in Q3 2026. The company is also focused on dynamic fleet growth with five new-technology Panamaxes on order, as the tanker market fundamentals remain strong.