SOURCE: Tsakos Energy Navigation

Tsakos Energy Navigation

November 30, 2011 16:05 ET

Tsakos Energy Navigation to Host Investor and Analyst Day in New York City on December 9, 2011

ATHENS, GREECE--(Marketwire - Nov 30, 2011) - Tsakos Energy Navigation Limited ("TEN" or the "Company") (NYSE: TNP) announced today that the Company will host an Investor and Analyst Day on Friday, December 9, 2011 at 1:00 pm ET in New York City to discuss the Company's recent developments and prospects, as well as the tanker shipping market outlook.

The event, which is for investors and analysts, will feature a presentation by the Company's President and Chief Executive Officer, Nikolas P. Tsakos, followed by a question and answer session. Pre-registration is required to attend the event.

If you would like to attend this event, please contact our investor relations advisor, Capital Link at 212‐661‐7566 or by email at ten@capitallink.com.

ABOUT TSAKOS ENERGY NAVIGATION
To date, TEN's pro forma fleet consists of 50 double-hull vessels of 5.4 million dwt that includes two DP2 suezmax shuttle tankers currently under construction totaling 314,000 dwt. TEN's balanced fleet profile is reflected in 23 crude tankers ranging from VLCCs to aframaxes and 26 product carriers ranging from aframaxes to handysize and one LNG carrier.

TEN's employment profile (as of November 18, 2011):

Type of Employment Vessels
Period Employment - Fixed, fixed w/profit share & min max 28
Pool - market related 6
Spot - market related 14

TEN's current newbuilding program:

Suezmax DWT Hull Type / Design Expected Delivery
1. Suezmax DP2 157,000 DH Q4 2012
2. Suezmax DP2 157,000 DH Q1 2013

DH: Double Hull

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.

Contact Information

  • For further information, please contact:

    Company
    Tsakos Energy Navigation Ltd.
    George Saroglou
    COO
    +30210 94 07 710
    gsaroglou@tenn.gr

    Investor Relations / Media
    Capital Link, Inc.
    Nicolas Bornozis
    Biraj Gyawali
    +212 661 7566
    ten@capitallink.com