SOURCE: Tsakos Energy Navigation

Tsakos Energy Navigation

July 23, 2014 09:00 ET

Tsakos Energy Navigation Ltd. Announces Date of Second Quarter 2014 Financial Results and Dividend Declaration, Conference Call and Webcast

ATHENS, GREECE--(Marketwired - July 23, 2014) - Tsakos Energy Navigation Ltd. ("TEN" or the "Company") (NYSE: TNP), a leading crude, product and LNG tanker operator, will report earnings for the second quarter and six months ended June 30, 2014, prior to the open of the market in New York on Monday, August 4, 2014.

That same morning, at 10:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management, may contain information beyond what is included in the earnings press release.

The Company will also announce the next common share dividend for the period ended June 30, 2014, together with its financial results.

Conference Call details:

Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1 866 819 7111 (US Toll Free Dial In), 0800 953 0329 (UK Toll Free Dial In) or +44 (0)1452 542 301 (Standard International Dial In). Please quote "Tsakos" to the operator.

A telephonic replay of the conference call will be available until August 11, 2014 by dialing 1 866 247 4222 (US Toll Free Dial In), 0800 953 1533 (UK Toll Free Dial In) or +44 (0)1452 550 000 (Standard International Dial In). Access Code: 90295809#

Simultaneous Slides and Audio Webcast:

There will also be a simultaneous live, and then archived, slides webcast of the conference call, available through TEN's website (www.tenn.gr). The slides webcast will also provide details related to fleet composition and deployment and other related company information. This presentation will be available on the Company's corporate website reception page at www.tenn.gr. Participants for the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

ABOUT TSAKOS ENERGY NAVIGATION
To date, TEN's fleet, including the LNG carrier Maria Energy and nine Aframax crude oil tankers under construction, consists of 60 double-hull vessels, a mix of crude tankers, product tankers and LNG carriers, totaling 6.2 million dwt. Of these, 30 are crude carriers ranging from VLCCs to Aframaxes, 28 are product tankers ranging from DP2 shuttle suezmaxes to handysize, 14 of which are currently carrying crude cargoes, and two are LNG carriers. 

The Company's newbuilding program consists of:

 Vessel   Dwt   Built
 LNG Maria Energy   174,000 cbm   1Q2016
 Aframax H/N   5010   112,700 dwt   2Q2016
 Aframax H/N   5011   112,700 dwt   2Q2016
 Aframax H/N   5012   112,700 dwt   3Q2016
 Aframax H/N   5013   112,700 dwt   4Q2016
 Aframax H/N   5014   112,700 dwt   1Q2017
 Aframax H/N   5015   112,700 dwt   1Q2017
 Aframax H/N   5016   112,700 dwt   2Q2017
 Aframax H/N   5017   112,700 dwt   2Q2017
 Aframax H/N   5018   112,700 dwt   3Q2017

ABOUT 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
    Paul Lampoutis
    +212 661 7566
    ten@capitallink.com