Back to TNP
Tsakos Energy Navigation Ltd. Announces Availability of Form 20-F for the Year Ended December 31, 2011

ATHENS, GREECE -- (Marketwire) -- 04/18/12 -- Tsakos Energy Navigation Ltd. ("TEN") (NYSE: TNP) announced today that its Annual Report on Form 20-F for the year ended December 31, 2011 has been filed with the Securities and Exchange Commission and can be accessed on the Company's website.

Shareholders may also request a hard copy of the complete audited financial statements, free of charge, by clicking on the annual report prompt under the Contact Us section of the Company's website, http://www.tenn.gr.

Alternatively, shareholders may request a hard copy of the complete audited financial statements, free of charge, by contacting the Company's Investor Relations Advisor at:

Capital Link Inc.
230 Park Avenue, Suite 1536
New York, NY 10169 USA
Tel: (+) 1 212 661 7566
ten@capitallink.com

The Annual Report, other reports and other information regarding the Company are also available without charge at a website maintained by the U.S. Securities and Exchange Commission at http://www.sec.gov.

ABOUT TSAKOS ENERGY NAVIGATION
To date, TEN's pro forma fleet consists of 51 double-hull vessels of approximately 5.5 million dwt that includes one LNG carrier and two DP2 suezmax shuttle tankers totaling 400,000 dwt. The company has options for two conventional suezmax tankers and an additional LNG carrier to be declared no later than September 2012, totaling 402,000 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 two LNG carriers.

TEN's employment profile (operating fleet as of April 12, 2012):

----------------------------------------------------------------------------
Type of Employment                                           Vessels
----------------------------------------------------------------------------
Period Employment - Fixed, fixed w/profit share & min max    31
----------------------------------------------------------------------------
Pool - market related                                        5
----------------------------------------------------------------------------
Spot - market related                                        12
----------------------------------------------------------------------------

TEN's current newbuilding program:

----------------------------------------------------------------------------
Suezmax                DWT        Hull Type / Design    Expected Delivery
----------------------------------------------------------------------------
1. Suezmax DP2         157,000    DH                    Q1 2013
----------------------------------------------------------------------------
2. Suezmax DP2         157,000    DH                    Q2 2013
----------------------------------------------------------------------------

----------------------------------------------------------------------------
LNG
----------------------------------------------------------------------------
1. TBN                 86,000     Tri-Fuel              Q1 2015
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Newbuilding Options
----------------------------------------------------------------------------
LNG
----------------------------------------------------------------------------
1. TBN                 86,000     Tri-Fuel              Q4 2015
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Suezmax
----------------------------------------------------------------------------
1. S2032               158,000    DH                    Q2 2012
----------------------------------------------------------------------------
2. S2033               158,000    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.

Back to TNP
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki