Search results for: Tsakos Energy Navigation

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  • 13 March 2018
    Business & Finance

    Despite a difficult tanker market Greek tanker shipping company TEN ended the year in the black.

  • 5 August 2011

    Tsakos Energy Navigation Ltd today announced the delivery of the 158,000 dwt, suezmax tanker Dimitris P, from the Sungdong yard in South … [mappress] Source: marketwatch, August 5, 2011;

  • 10 April 2012

    Tsakos Energy Navigation Limited (TEN) has placed an order of one plus one state-of-the-art LNG carrier for delivery Q1 2015 at a major South Korean shipyard. The vessel is of the new trifuel design enabling the ship to run on fuel oil, marine diesel/gas oil and natural gas offering attractive alternatives to charterers. Concurrently with […]

  • 22 September 2009

    Tsakos Energy Navigation Limited today announced the delivery and charter of DNA-aframax tanker Asahi Princess from Sumitomo Heavy Industries in Japan. The vessel was placed on a one-to-four month repositioning time-charter with a major international oil trader. Upon expiry of the charter, the vessel will be redelivered to its intended operating area, the mid-Atlantic basin.

  • 26 April 2013

    Tsakos Energy Navigation Limited (TEN or the “Company”), a leading product, crude and LNG tanker operator today announced the successful delivery of its second fully coated DP2 suezmax shuttle product tanker, Brasil 2014, from South Korea. The Brasil 2014 is a sister vessel to the Rio 2016 that was delivered in March. Both vessels are […]

  • 7 December 2016
    Business & Finance

    Greek tanker owner and operator Tsakos Energy Navigation Limited (TEN) today announced new time charter contracts for four vessels, an aframax, two panamaxes, and a handysize product tanker, all to major end users. The company said that the average contract length of all four fixtures is 14 months which bring the aggregate fleet gross revenues […]

  • 8 October 2015
    Business & Finance

    Tanker operator Tsakos Energy Navigation Ltd. has entered into charter agreements for three of its LR2 Aframax tankers with an unnamed major European oil concern for crude trading operations. The charters last on average of 36-months per vessel and the total gross revenues from these three fixtures are expected at around USD 100 million. “The […]

  • 26 May 2015
    Business & Finance

    New York-listed shipping company Tsakos Energy Navigation Limited (TEN) reported higher net income for the first quarter ended March 31, 2015, posting USD 37.3 million net profit compared to USD 14.6 million in the first quarter of 2014, a year-on-year increase of 156%. Basic and diluted earnings per share were USD 0.42 for the first quarter […]

  • 2 October 2007

    Tsakos Energy Navigation Limited announced today the creation of the internal Marine Environmental Committee (‘MEC’) of TEN’s Board of Directors during its recent meeting on September 24, 2007. The MEC will be in charge of reviewing operational and environmental issues that are important to shipping and in particular to TEN’s fleet.

  • 16 April 2012

    Tsakos Energy Navigation Limited (TEN) revealed the options for two conventional suezmax newbuildings from a South Korean yard expected to be delivered in Q2 2012 and Q1 2013. Should these options be exercised, the total number of suezmax vesels in TEN’s fleet will be 14, including the two shuttle tankers under construction. “The appetite of […]

  • 13 December 2013

    Tsakos Energy Navigation Limited (TEN) announced the strategic partnership with Statoil, an international energy company headquartered in Stavanger Norway  for the construction and chartering of five to nine purpose built Daewoo Aframax crude tankers with a contract term of five to twelve years including options. The gross revenues from this project are expected to range […]

  • 13 February 2015
    Business & Finance

    NYSE-listed tanker owner and operator Tsakos Energy Navigation has signed a six month storage contract for a Very Large Crude Carrier (VLCC) with an unnamed client. According to the company’s fleet list, the company currently operates one VLCC – the 1998-built, 301,171 dwt Millennium. TEN expects this contract to bring the company around USD 10 million. ‘‘Accretive transactions […]

  • 12 March 2013

    Tsakos Energy Navigation Limited (TEN) has taken delivery of the fully-coated DP2 shuttle tanker with a carrying capacity of 157.000 DWT named ‘Rio 2016’. The second sister shuttle tanker, the Brasil 2014, is scheduled to be delivered in April 2013. “We are excited with the delivery of our shuttle tanker which allow us to broaden […]

  • 30 March 2017
    Business & Finance

    Greek tanker owner and operator Tsakos Energy Navigation Limited (TEN) has raised USD 100 million from a public offering of E Series of preferred shares. The net proceeds are planned to be used for general corporate purposes including potential vessel acquisitions and strategic investments. TEN is planing to issue 4 million Series E Preferred Shares […]

  • 6 December 2019
    Vessels

    Greek independent shipping company Tsakos Energy Navigation has extended the charter agreement for one of its LNG carriers for a minimum one-maximum three-year period.

  • 8 July 2007

    Tsakos Energy Navigation Ltd. (“TEN” or the “Company”) today announced a three-year time- charter to a major European charterer of the 37,340 dwt 1B ice-class handysize product tanker Bosporos, expected to be delivered from Hyundai Mipo Dockyard of South Korea at the end of August. The charter is structured with a minimum rate and a […]

  • 19 September 2007

    Tsakos Energy Navigation Ltd. yesterday announced the sale of the 1999-built 107,181 dwt Aframax tanker Olympia to an independent Greek- based operator. The Olympia will be delivered to her new owners in January, 2008 resulting in a $34 million capital gain that will be recorded in the first quarter of 2008. The Olympia is debt-free […]

  • 27 November 2018
    Business & Finance

    TEN has secured an 18-month long charter with profit sharing provisions for a Suezmax with an oil concern.

  • 18 August 2017
    Business & Finance

    Tanker operator Tsakos Energy Navigation (TEN) has chartered out two of its Suezmax vessels to an unnamed US oil concern.  As stipulated by the deal, two Suezmax vessels have been chartered for three years, bringing the relationship to six vessels. The charters are scheduled to commence in early September upon completion of the current employment of […]

  • 8 October 2015
    Business & Finance

    Tanker operator Tsakos Energy Navigation Ltd. has entered into charter agreements for three of its LR2 Aframax tankers with an unnamed major European oil concern for crude trading operations. The charters last on average of 36-months per vessel and the total gross revenues from these three fixtures are expected at around USD 100 million. “The […]

  • 10 September 2010

    Tsakos Energy Navigation Ltd. (TEN) (NYSE: TNP) announced a three-year time charter for a modern, double hull, handysize product tanker to a major South American state oil company. This charter is expected to generate gross revenues in excess of $14m during the corresponding charter period. Prior to this fixture the vessel was operating in the […]

  • 14 March 2018
    Vessels

    Greece-based shipowner Tsakos Energy Navigation is looking to expand its fleet of liquefied natural gas (LNG) carriers up to six vessels by 2020, according to its founder and chief executive Nikolas Tsakos. The New York-listed company recently completed a 15-newbuilding programme which included one LNG carrier. Tsakos currently owns two LNG vessels, the 2007-built NEO Energy and […]