TEN Ltd. Announces Second LNG Carrier Order in Hyundai Heavy Industries

About this update from Tsakos Energy Navigation Ltd

20-vessel newbuilding program on schedule Shuttle tanker Anfield DP to be delivered in July 2026 in South Korea $3.5 billion in minimum secured revenues ATHENS, Greece , July 01, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified tanker and LNG operator, today announced the order of a second LNG carrier at Hyundai Heavy Industries in South Korea , with expected delivery in the first quarter of 2029. With this order, TEN’s newbuilding program reaches 20 vessels, the first of which, the Anfield DP , a DP2 Shuttle tanker, is scheduled for delivery in late July 2026 with a minimum 10-year employment to a U.S . oil major, which, through extension options could stretch to 20 years. “We are delighted to expand our presence in the ever-evolving LNG sector, a market we are actively participating in since 2007. The growing global energy demand fueled by geopolitical developments has increased the need for LNG as an alternative source,” Mr. George Saroglou , TEN’s President & COO stated. ABOUT TEN LTD. Founded in Bermuda in 1993 and celebrating 33 years as a public company, 24 of which on the NYSE, TEN is one of the first and most established public shipping companies in the world. TEN's diversified pro-forma energy fleet currently consists of 83 vessels, in excess of 11 million dwt. FORWARD-LOOKING STATEMENTS Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. For further information, please contact: Company Tsakos Energy Navigation Ltd. George Saroglou President & COO +30210 94 07 710 [email protected] Investor Relations / Media Capital Link, Inc. Nicolas Bornozis /Markella Kara +212 661 7566 [email protected] Source: Tsakos Energy Navigation 2026 GlobeNewswire, Inc., source Press Releases

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