ATHENS, GREECE--(Marketwire - Mar 9, 2012) - Tsakos Energy Navigation Limited ("TEN" or the "Company") (
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