Tsakos Energy Navigation Announces Charter of DNA-Aframax Tanker Maria Princess
News Release
Tsakos Energy Navigation Ltd.
June 22, 2011
Chartering entry into Chinese market
ATHENS, GREECE – June 20, 20011 – Tsakos Energy Navigation Ltd. ("TEN" or the
“Company”) (NYSE: TNP) today announced the charter of the 105,000 dwt, DNA design
Aframax tanker, Maria Princess to a major Chinese oil concern for a twelve month period. This
charter comes in line with the Company’s pre-stated policy in exploring opportunities in the
wider Chinese energy market.
“The growth of oil consumption in China is a major determinant in worldwide tanker demand
and we are pleased to participate directly in this development with one of our modern DNA
aframax vessels,” stated Mr. Nikolas P. Tsakos, President & Chief Executive Officer of TEN.
“We hope that this fixture will further enhance our relationship with local chartering concerns
and be our gateway to this major economy for additional opportunities in the future. Our
modern and versatile fleet gives us confidence that this fixture will not stand in isolation once
we strategically begin to redeploy our vessels in the longer term charter market,” Mr. Tsakos
concluded.
ATHENS, GREECE – June 20, 20011 – Tsakos Energy Navigation Ltd. ("TEN" or the
“Company”) (NYSE: TNP) today announced the charter of the 105,000 dwt, DNA design
Aframax tanker, Maria Princess to a major Chinese oil concern for a twelve month period. This
charter comes in line with the Company’s pre-stated policy in exploring opportunities in the
wider Chinese energy market.
“The growth of oil consumption in China is a major determinant in worldwide tanker demand
and we are pleased to participate directly in this development with one of our modern DNA
aframax vessels,” stated Mr. Nikolas P. Tsakos, President & Chief Executive Officer of TEN.
“We hope that this fixture will further enhance our relationship with local chartering concerns
and be our gateway to this major economy for additional opportunities in the future. Our
modern and versatile fleet gives us confidence that this fixture will not stand in isolation once
we strategically begin to redeploy our vessels in the longer term charter market,” Mr. Tsakos
concluded.