Tsakos Energy Navigation

TEN currently owns a young, diversified high-quality fleet of 64 crude, product and LNG carriers, servicing the industrial needs of prime customers with nearly 100% use throughout the year, demonstrating best-in-class operational excellence and steadily increasing cost efficiency. At present over 70% of the fleet is on long-term charters for an average period of three years at accretive charter rates or at very attractive profit-sharing arrangements. The resulting cash flow allows for the remaining 30% of the fleet to generate additional shareholder value from favourable market developments and opportunities as they may arise.