Tsakos Energy Navigation Ltd - Company Profile
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Tsakos Energy Navigation Ltd (TEN), a subsidiary of Tsakos Group, is a provider of marine transportation services. The company offers transportation services of crude oil, petroleum products and liquefied natural gas (LNG) to national and international oil companies and refineries. It charges customers on time charter-bareboat, time charter-fixed rate, time charter-variable rate (profit share), pool arrangement, voyage charter-contract of affreightment and voyage charter-spot market basis. TEN’s fleet includes very large crude carriers (VLCC), Suezmax – Shuttle, Suezmax, Aframax, Aframax LR, Panamax, Handymax MR, Handysize MR, and LNG. The company operates across major markets in the Americas, Europe, Africa and Asia. TEN is headquartered in Athens, Greece.
Headquarters
Greece
Address
367 Syngrou Avenue, P. Faliro, Athina, 17564
Website
www.tenn.gr
Telephone
30 21 09407710
Industry
Transport and Logistics
Ticker Symbol & Exchange
TNP (NYSE)
Revenue (2022)
$889.6M
3.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
47%
(2022 vs 2021)
Market Cap*
$748.0M
Net Profit Margin (2022)
XYZ
42.1%
(2022 vs 2021)
* As of and is in US$
Tsakos Energy Navigation Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Very Large Crude Carriers (VLCC) | Liquefied Natural Gas Transportation |
| Suezmax | Crude Oil Transportation |
| Suezmax – Shuttle | Petroleum Products Transportation |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Asset Purchase | In January, the company acquired five high-spec environmentally-friendly vessels from Norway’s Viken Crude AS. |
| 2022 | Acquisitions/Mergers/Takeovers | In June, the company proposed for an acquisition of VLCC (Very Large Crude Carrier). |
| 2022 | Acquisitions/Mergers/Takeovers | In November, TEN ltd. Announces the delivery of a 2020 South Korean-built VLCC. |
Competitor Comparison
| Key Parameters | Tsakos Energy Navigation Ltd | Teekay Corp | International Seaways Inc | Ardmore Shipping Corp | Nordic American Tankers Ltd |
|---|---|---|---|---|---|
| Headquarters | Greece | Bermuda | United States of America | Bermuda | Bermuda |
| City | Athina | Hamilton | New York | Hamilton | Hamilton |
| State/Province | - | - | New York | - | - |
| No. of Employees | - | 2,000 | 2,698 | 56 | 18 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Efstratios Georgios Arapoglou | Chairman | Executive Board | 2010 | - |
| Nikolas P. Tsakos | Chief Executive Officer; President; Director | Executive Board | 1993 | - |
| George V. Saroglou | Chief Operating Officer; Director | Executive Board | 1996 | - |
| Michael G. Jolliffe | Vice Chairman - Co-Founder; Joint Managing Director | Executive Board | 1993 | - |
| Nicholas F. Tommasino | Director | Non Executive Board | 2017 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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