TEN Reports Strong Profits for 3Q

Tsakos Energy Navigation Limited (TEN) reported unaudited results for the third quarter and first nine months of 2003. TEN's Third Quarter highlights include, the company reports EPS of $0.47 versus $0.04 in the like period of 2002; net income rose 1124 percent to $8.03 million; the company took delivery of a new aframax and the last in a series of four new panamaxes.