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TEN Announces Delivery of the VLCC

January 20, 2006

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.

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