Tsakos Energy Announces Pricing Offering

Friday, October 29, 2010

Tsakos Energy Navigation Ltd. announced the pricing of its offering of 7,623,328 common shares, including 896,861 common shares to be purchased by entities affiliated with the Tsakos family, at an initial reoffer price of $11.30 per share. TEN has granted the underwriter a 30-day option to purchase an additional 1,008,968 common shares to cover overallotments, if any. TEN will use the net proceeds from the public offering for the expansion of its fleet and for general corporate purposes.
 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2828 sec (4 req/sec)