Tsakos Energy Navigation Ltd
The Tsakos Group pioneered the introduction of Greek shipping companies into global equity markets. Senior management foresaw, since the late 1980s, the role that international capital markets would play in the development of the global maritime industry. Thus, on the initiative of Nikolas Tsakos- and with the support of his family and colleagues - the first public arm of the Group was established in 1993 under the name of Maritime Investment Fund Ltd (MIF Ltd). In the subsequent years and following its strong growth performance, MIF Ltd succeeded in its bid to list in the New York Stock Exchange (NYSE) under the brand name of “Tsakos Energy Navigation Ltd (TEN)”.
Since its inception, Tsakos Energy Navigation Ltd has had an exceptionally successful record of growth and ranks as one of the largest transporters of energy in the world, controlling a versatile fleet of more than 50 modern crude, oil and product tankers, LNGs and shuttle tankers of a young age. It has also become one of the largest ice-class tanker operators in the world listing, among its clientele, state entities, international oil majors and major oil traders.
TEN’s vision is to maintain its leading position as an international seaborne trade transporter of energy. This is being accomplished by the company’s substantial investment in its fleet expansion, which presently comprises a modern, high quality and technologically state of the art fleet of VLCC, Suezmax, Aframax, Panamax, Handysize and Handymax Tankers, as well as LNG and Shuttle tankers.
Long-term sustainable growth and stability throughout the industry's cycles, is maintained through a well-balanced employment strategy. Furthermore, the company gains significant commercial leverage from its association with Tsakos Shipping and Trading S.A. capitalizing on synergies of the Tsakos Group’s expertise, long term established commercial relations and reputation. Tsakos Shipping and Trading S.A. acts as the exclusive commercial managers for TEN. Considerable economy of scale benefits are realized through Tsakos Columbia Shipmanagement (“TCM”) S.A., a joint venture between the Tsakos Group and Hamburg based Schoeller Group, acting as the Technical Manager for the Group's Fleet.
visit us at http://www.tenn.gr/