Greek shipping company Tsakos Energy Navigation (TEN) has placed an order for a new shuttle tanker at Samsung Heavy Industries, marking its return to the South Korean shipyard. The order, valued at $149 million, was revealed in a regulatory filing on Monday. The 154,400 deadweight tonnage (dwt) vessel comes with an option for a second one and is supported by a long-term charter agreement with ExxonMobil.

This move follows an earlier commitment by the US supermajor to reserve up to four slots for shuttle tanker newbuilds at Samsung Heavy Industries. The first pair of 150,000 dwt vessels from this reservation is scheduled for delivery in June and December 2027.

TEN's latest order adds to its growing list of newbuilding projects, bringing the total to seven. The vessel from Samsung Heavy Industries is expected to be delivered by the end of August 2026, adding to two other shuttle tankers set for delivery in 2025.