News Release

News Release Tsakos Energy Navigation Ltd. March 3, 2011

ATHENS, GREECE – 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
Visit our company website at: http://www.tenn.gr
2
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