ATHENS, GREECE--(Marketwire - March 2, 2011) - Tsakos Energy Navigation Limited ("TEN" or
the "Company") (
NYSE:
TNP) will report earnings for the fourth quarter and
full year 2010 prior to the open of the market on Monday, March 14, 2011.
That same morning, at 10:00 a.m. Eastern Time, TEN will also host a
conference call to review the results as well as management's outlook for
the business. The call, which will be hosted by TEN's senior management,
may contain information beyond what is included in the earnings press
release.
Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time
using the following numbers: 1 866 819 7111 (US Toll Free Dial In), 0800
953 0329 (UK Toll Free Dial In) or +44 (0)1452 542 301 (Standard
International Dial In). Please quote "Tsakos" to the operator.
A telephonic replay of the conference call will be available until March
21, 2011 by dialing 1 866 247 4222 (US Toll Free Dial In), 0800 953 1533
(UK Toll Free Dial In) or +44 (0)1452 550 000 (Standard International Dial
In). Access Code: 90295809#
Simultaneous Slides and Audio Webcast:
There will also be a simultaneous live, and then archived, slides webcast
of the conference call, available through TEN' website (
www.tenn.gr). The
slides webcast will also provide details related to fleet composition and
deployment and other related company information. This presentation will be
available on the Company's corporate website reception page at
www.tenn.gr.
Participants for the live webcast should register on the website
approximately 10 minutes prior to the start of the webcast.
ABOUT TSAKOS ENERGY NAVIGATION
To date, TEN's pro forma fleet consists of 52 double-hull vessels
(including the Opal Queen agreed to be sold) of 5.6 million dwt that
includes two suezmax tankers currently under construction to be delivered
in April and July 2011 and two suezmax DP2 shuttle tankers for delivery in
2012 totalling 646,000 dwt. TEN's balanced fleet profile is reflected in 25
crude tankers ranging from VLCCs to aframaxes and 26 product carriers
ranging from aframaxes to handysize and one LNG carrier.
TEN's employment profile (operating fleet):
Type of Employment Vessels
-------
Period Employment - Fixed, fixed w/profit share & min max 30
CoA - market related 2
Pool - market related 6
Spot - market related 10
TEN's current newbuilding program:
Suezmax DWT Hull Type / Design Delivery
------- ------------------ ----------
1. S2034 (tbn Spyros K) 158,000 DH April 2011
2. S2035 158,000 DH July 2011
3. Suezmax DP2 157,000 DH Q3 2012
4. Suezmax DP2 157,000 DH Q4 2012
DH: Double Hull
FORWARD-LOOKING STATEMENTS
Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from those predicted by such forward-looking statements. TEN
undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events, or otherwise.
Contact Information: For further information, please contact:
Company
Tsakos Energy Navigation Ltd.
George Saroglou, COO
+30210 94 07 710
gsaroglou@tenn.gr
Investor Relations / Media
Capital Link, Inc.
Nicolas Bornozis
Biraj Gyawali
+212 661 7566
ten@capitallink.com