ATHENS, GREECE--(Marketwired - Sep 28, 2016) - TEN Ltd. (
ABOUT TSAKOS ENERGY NAVIGATION
TEN, founded in 1993, is one of the first and most established public shipping companies in the world today. The Company's pro-forma fleet, including one VLCC, one LNG carrier, eight Aframax tankers and a Suezmax DP2 shuttle tanker all under construction, consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and LNG carriers, totaling 7.2 million dwt. Of these, 47 vessels trade in crude, 13 in products, three are shuttle tankers and two are LNG carriers. All of TEN's tanker newbuildings except the one remaining VLCC Hercules and the LNG carrier Maria Energy are fixed on long-term project businesses.
ABOUT 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.
VESSELS UNDER CONSTRUCTION
# | Vessel Name | Type | Dwt | Delivery | Status | Employment | ||||
1 | Ulysses | VLCC | 300,000 | June 2016 | Delivered | Yes | ||||
2 | Elias Tsakos | Aframax | 112,700 | June 2016 | Delivered | Yes | ||||
3 | Thomas Zafiras | Aframax | 112,700 | Aug 2016 | Delivered | Yes | ||||
4 | Leontios H | Aframax | 112,700 | Q4 2016 | TBD | Yes | ||||
5 | TS Parthenon | Aframax | 112,700 | Q4 2016 | TBD | Yes | ||||
6 | TS Marathon | Aframax | 112,700 | Q1 2017 | TBD | Yes | ||||
7 | TS Sola | Aframax | 112,700 | Q1 2017 | TBD | Yes | ||||
8 | TS Oslo | Aframax | 112,700 | Q2 2017 | TBD | Yes | ||||
9 | TS Stavanger | Aframax | 112,700 | Q3 2017 | TBD | Yes | ||||
10 | TS Bergen | Aframax | 112,700 | Q4 2017 | TBD | Yes | ||||
11 | Sunray | Panamax LR1 | 74,200 | Aug 2016 | Delivered | Yes | ||||
12 | Sunrise | Panamax LR1 | 74,200 | Sep 2016 | Delivered | Yes | ||||
13 | Lisboa City | DP2 Shuttle | 157,000 | Q1 2017 | TBD | Yes | ||||
14 | Hercules | VLCC | 300,000 | Q1 2017 | TBD | In Negotiations | ||||
15 | Maria Energy | LNG | 93,616 | Q3 2016 | TBD | In Negotiations |
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
Paul Lampoutis
+212 661 7566
ten@capitallink.com