Tsakos Energy Navigation Ltd (TEN)

Tsakos Energy Navigation Ltd (TEN) is one of the largest transporters of energy in the world and controls a versatile fleet of modern crude and product tankers with strong ice-class capabilities. With a fleet of 51 vessels (43 operational and 8 under construction) TEN provides worldwide marine transportation services to state and international oil majors and refineries under long, medium and short-term charters. TEN's fleet is managed by Tsakos Shipping & Trading S.A., (TST), an affiliated group, which is one of the largest independent ship-managers in the world, with over 35 years management experience. TEN operates one of the youngest fleets in the world with an average age of 5.3 years, compared to the world's average of 10.7 years. TEN's newbuildings are expected to be delivered between 2008 and 2010 and the resulting fleet will include 26 crude carriers and 24 product tankers, 23 of which can operate in ice-class environments, that together with the company's first LNG carrier will further enhance TEN's position in international seaborne trades.