ATHENS, GREECE--(Marketwire - July 26, 2010) - Tsakos Energy Navigation Ltd. ("TEN" or the "Company"), (
That same morning, at 10:00 a.m. Eastern Time, TEN will also 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.
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 12, 2010 by dialling 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' 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
TEN's pro forma fleet consists of 47 vessels of 5.0 million dwt. TEN's operational fleet consists of 45 vessels all of double-hull design of which 22 are ice-class. TEN's remaining newbuilding program includes two suezmax tankers totaling about 316,000 dwt.
TEN's balanced fleet profile is reflected in 23 crude tankers ranging from VLCCs to aframaxes and 23 product carriers ranging from aframaxes to handysize; complemented by one LNG.
TEN's current employment profile:
| Type of Employment | Vessels |
| Period Employment - Fixed and fixed with profit share | 30 |
| CoA - market related | 3 |
| Pool - market related | 4 |
| Spot - market related | 8 |
TEN's current newbuilding program:
| Aframax | DWT | Hull Type/ Design | Delivery | |
| 1. S2034 | 158,000 | DH | Q2 2011 | |
| 2. S2035 | 158,000 | DH | Q3 2011 | |
DH: Double Hull
DNA: Design New Aframax
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
+30 210 94 07 710
gsaroglou@tenn.gr
Investor Relations / Media
Capital Link, Inc.
Nicolas Bornozis
Ramnique Grewal
+212 661 7566
ten@capitallink.com
Communications Advisor
Cubitt, Jacobs & Prosek Communications
Thomas J. Rozycki, Jr.
+212 279 3115 (x208)
trozycki@cjpcom.com