ATHENS, GREECE--(Marketwire - January 11, 2011) - Tsakos Energy Navigation Ltd. ("TEN") (
Including the above distribution, TEN will have distributed $8.625 per share in dividends to its shareholders since the Company was listed on the NYSE in March of 2002. The listing price was $7.50 per share taking into account the 2-1 share split of November 14, 2007.
ABOUT TSAKOS ENERGY NAVIGATION
To date, TEN's pro forma fleet consists of 52 double-hull vessels of 5.4 million dwt that includes two suezmax tankers currently under construction totalling 316,000 dwt to be delivered in 2011 and two Suezmax DP2 tankers for delivery in 2012. TEN's balanced fleet profile is reflected in 25 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):
Type of Employment | Vessels |
Period Employment - Fixed, fixed w/profit share & min max | 30 |
CoA - market related | 2 |
Pool - market related | 6 |
Spot - market related | 10 |
TEN's current newbuilding program:
Suezmax | DWT | Hull Type / Design | Delivery |
1. S2034 (tbn Spyros K) | 158,000 | DH | April 2011 |
2. S2035 | 158,000 | DH | July 2011 |
3. Suezmax DP2 | 157,000 | DH | Q3 2012 |
4. Suezmax DP2 | 157,000 | DH | Q4 2012 |
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
Investor Relations / Media
Capital Link, Inc.
Nicolas Bornozis
Ramnique Grewal
+212 661 7566
ten@capitallink.com
367 Syngrou Avenue, 175 64 P. Faliro, Hellas
Tel: 30 210 94 07 710-3
Fax: 30 210 94 07 716
e-mail: ten@tenn.gr
Website: http://www.tenn.gr