$TEN

The UP World LNG Shipping Index rose for a third week, gaining 2.83% to 206.09, while the S&P 500 fell 0.66%. Asian spot LNG prices climbed above $22/mmBtu, tied to heightened Strait of Hormuz risk, according to Energy Aspects and Reuters. Kpler cut its Qatar 2026 export forecast to under 27 million tonnes. COSCO Shipping Energy Transportation led gainers (+9.43%); Nakilat fell most (-3.87%).

The UP World LNG Shipping Index, tracking 20 listed LNG shipping firms, rose 4.84 points (2.47%) to 200.42, returning above 200, while the S&P 500 fell 1.55%. The article cites ICIS expecting a 9 million tonne global LNG market decline vs prior 30 million growth, with Asian LNG spot above $20/mmBtu. NYK Line (+8%) led; COSCO Shipping Energy Transportation fell nearly 10%.

APA, Tidewater and Tenaris shares fell after WTI crude dropped 2.2% to about $71.88 and Brent slipped below $77, as investors took profits despite U.S. confirmation of secondary strikes on Iran and Trump saying the ceasefire is over. The article cites tanker tracking showing continued Strait of Hormuz traffic and notes S&P 500 energy fell ~2.45%.

TEN Ltd. (NYSE: TEN) said it ordered a second LNG carrier from Hyundai Heavy Industries, with delivery expected in Q1 2029. The order brings TEN’s newbuilding program to 20 vessels. TEN’s first newbuild, the Anfield DP (a DP2 shuttle tanker), is due for delivery in late July 2026, tied to at least 10 years of employment to a U.S. oil major with extension options up to 20 years.

Tenaris (NYSE: TEN) shares rose 6.2% after the company began operations at a new Suriname service center in Paramaribo. The 74,500-sq.-meter facility will support TotalEnergies’ GranMorgu offshore project, supplying casing and production tubing; capacity is 15,000 metric tons. The article also notes broader oil-price weakness and TEN’s YTD and 52-week performance.

TEN Ltd. (NYSE: TEN) announced its board declared a regular quarterly cash dividend of about $0.59375 per share on its Series F Cumulative Redeemable Perpetual Preferred Shares (NYSE: TENPRF). The dividend covers Apr. 30, 2026–Jul. 29, 2026, payable Jul. 30, 2026 to holders of record Jul. 27. 6,747,147 shares outstanding.

Stocks in the energy sector fell after crude dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict, according to market reports. The S&P 500 energy index fell ~2.45%; WTI fell ~4% to ~$70 and Brent ~4% to ~$74. SM Energy -3.6%, Kosmos -4.8%, Tenaris -4.9%.

The article says the IRGC assessed a U.S.-Iran war risk as “low,” which it says contributed to a drop in crude oil prices. Louis Navellier says energy and tanker stocks remain attractive, citing strong forecast sales/earnings and longer routes and Strait of Hormuz bottlenecks. It also notes Elbit Systems Q1 revenue rose 15.5% to $2.189B, beating expectations, and Micron’s UBS price target was raised to $1,625.

Tsakos Energy Navigation (TEN) has increased its dividend following a surge in tanker profits, positioning the family-run company for a record-breaking year. The chief executive, Nikolas Tsakos, commented on the strong performance. This news highlights TEN's financial success in the current market.

Nikolaos Tsakos, CEO of Tsakos Energy Navigation Ltd. (TEN), reported that an affiliated entity, Intermed Champion S.A. of Panama, purchased 25,000 common shares of TEN in open-market transactions. These purchases were made in two blocks at weighted average prices of $39.9189 and $39.9484 per share, totaling approximately $998,341. Following these transactions, Intermed Champion S.A. holds 918,500 common shares, with additional indirect holdings also reported.