SOURCE: Tsakos Energy Navigation

Tsakos Energy Navigation

March 09, 2012 16:05 ET

Tsakos Energy Navigation to Present at the 6th Annual Capital Link Invest in International Shipping Forum

ATHENS, GREECE--(Marketwire - Mar 9, 2012) - Tsakos Energy Navigation Limited ("TEN" or the "Company") (NYSE: TNP) today announced that George V. Saroglou, the Chief Operating Officer of the company, will be presenting at the 6th Annual Capital Link Invest in International Shipping Forum in New York City on Monday, March 19, 2012.

A PDF version of the slide presentation used at the conference will be available on the Company's website at www.tenn.gr.

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 (operating fleet as of March 9, 2012):

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

    367 Syngrou Avenue
    175 64 P. Faliro, Hellas
    Tel:30210 94 07 710-3
    Fax:30210 94 07 716
    e-mail:ten@tenn.gr
    Website:http://www.tenn.gr

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