ATHENS, Greece, May 29, 2009 (GLOBE NEWSWIRE) -- Tsakos Energy Navigation Ltd. ("TEN") (NYSE:TNP) announced today that the Company conducted its Annual General Meeting (AGM), with 79% of its common shares represented in person or by proxy. All of the resolutions proposed were approved by over 96% of the votes cast at the meeting. In particular:
* Mr. William A. O'Neil, and Mr. Aristides A. Patrinos were
re-elected as independent board members.
* Mr. Richard L. Paniguian was elected as an additional
independent director to the Board.
* Ernst & Young were re-appointed as auditors for the financial
year ending December 31, 2009.
ABOUT TSAKOS ENERGY NAVIGATION
TEN's pro forma fleet consists of 50 vessels of 5.3 million dwt. TEN's operational fleet consists of 46 vessels all of double-hull design. TEN's newbuilding program includes four DNA-aframax crude carriers representing 420,000 dwt.
TEN's balanced fleet profile is reflected in 25 crude tankers ranging from VLCCs to aframaxes and 24 product carriers ranging from aframaxes to handysize; complemented by one LNG.
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.