Tsakos Energy

TEN Holds Eleventh Annual General Meeting

Tsakos Energy Navigation Limited (TEN)today announced that it had conducted its Annual General Meeting (AGM). All of the resolutions proposed were approved, and specifically, the Company announced that: * Mr. D. John Stavropoulos and Mr. P. Nicholson were re-elected to serve two-year terms on the Board of Directors. * Mr. W. O'Neil and Mr. F. Nusspickel were newly elected to the Board of Directors to serve two-year terms. * The audited financial statements for the year ended December 31, 2003 were adopted * Ernst & Young were appointed as auditors for the financial year ending December 31, 2004 * The proposal for the remuneration of the non-executive directors was approved * Shareholder acceptance of the Tsakos Energy Navigation Limited 2004 Incentive Plan

TEN Enters Four-Year Time Charter

Tsakos Energy Navigation Ltd. ("TEN") (NYSE: TNP) has announced a four-year time charter for the 2007-built 150,000 m3 LNG carrier Neo Energy to a major international energy concern. The charter is expected to commence in the first quarter of next year upon expiration of the vessel’s existing employment. This new charter, in line with current market levels, is anticipated to make a significant contribution to the bottom line over its duration.

TEN Announces Time-Charter for Tanker Bosporos

Tsakos Energy Navigation Ltd. (TEN) announced a three-year time- charter to a 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 50/50 profit share should rates exceed that minimum. The gross proceeds from this charter, assuming only the minimum rate, are expected to exceed $21m.

TEN Announces Charter Extension for Tanker

Tsakos Energy Navigation Ltd. announced a three-year charter extension for its 2005-built double-hull 1C ice class Suezmax tanker Euronike to a large independent United States refiner, who has employed the vessel for the past twelve months since her delivery from the shipyard. The charter rate for the extension compares favourably to rates for similar duration charters for similar modern tonnage in the market. Gross revenues

TEN Announces Delivery of the VLCC

Tsakos Energy Navigation Limited (TEN) announced the delivery of the 1993-built 298,900 dwt double-hull VLCC La Prudencia. The vessel has been immediately employed by a major oil company earning approximately $75,000 per day for a 50-day voyage. La Prudencia is the first delivery from the five vessel transaction announced on January 12, 2006, and will be followed by the 2004-built 37,532 dwt product tanker Delphi later this quarter.

TEN Accepts Aframax Tanker

Tsakos Energy Navigation Limited announced the delivery and charter of the 105,000 dwt DNA-Aframax tanker Uraga Princess from Sumitomo Heavy Industries in Japan, the final newbuilding in a series of eight ordered in 2004. Upon delivery, the vessel entered a minimum 30-day repositioning voyage with the oil trading arm of a major financial institution.  

TEN, China Class Sign Agreement

Tsakos Energy Navigation signed a cooperation agreement with China Classification Society (CCS) to jointly develop shipping and energy related projects in China. CCS was established in 1956, is one of the ten full members of the International Association ofClassification Societies (IACS) and the only specialized organization of China to provide classification services. By the end of 2009, CCS classed fleet was 2,282 ships totalling 34.45 million gross tonnage.

Tsakos Energy Expands Presence in LNG Sector

Athens, Greece – Tsakos Energy Navigation Limited  announced the order of one plus one state-of –the–art LNG carrier for delivery in the first quarter of 2015 at a major South Korean yard. The vessel is of the new tri-fuel design, enabling the ship to run on fuel oil, marine diesel/gas oil and natural gas, offering attractive alternatives to charterers. Discussions for long-term contracts have begun

TEN Takes Delivery of Latest Newbuilding

Tsakos Energy Navigation Limited (TEN) has taken delivery of the latest vessel in its newbuilding program from Imabari Shipyards in Japan. The Panamax Inca was delivered on March 20, and immediately entered into an accretive repositioning voyage with a major Far Eastern concern at $25,000 per day. The Inca is the second of four new fully coated panamaxes, and joins its sister ship, the Maya, which was received on January 24, 2003

Tsakos Energy Navigation Quarterly Dividend

Tsakos Energy Navigation Limited (TEN) (NYSE:TNP) announced that its Board of Directors has declared a regular quarterly dividend of $0.15 per share of common stock outstanding payable on October 26, 2010 to shareholders of record on October 22, 2010. The stock will trade ex-dividend on October 20, 2010. Including the above distribution, TEN will have distributed $8.475 per share in dividends to its shareholders since the Company was listed on the NYSE in March of 2002. The listing price was $7