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
for this vessel are expected to exceed $40 million over the corresponding
charter period.