TEN, Ltd. Announces Date of First Half and Second Quarter 2017 Financial Results
ATHENS, GREECE--(Marketwired - Aug 23, 2017) - TEN, Ltd. ("TEN") (NYSE: TNP), a leading crude, product, and LNG tanker
operator, will report earnings for the second quarter ended June 30, 2017, prior to the open of the market in New York on Friday,
September 15, 2017.
That same morning, at 10:00 a.m. Eastern Time, TEN will 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 that which 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 Friday, September 22, 2017 by dialling 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's 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
TEN, founded in 1993, is one of the first and most established public shipping companies in the world today. TEN's
pro-forma fleet, including one Aframax tanker under construction, consists of 65 double-hull vessels, constituting a mix of crude
tankers, product tankers and LNG carriers, totaling 7.2 million dwt. Of these, 45 vessels trade in crude, 15 in products, three
are shuttle tankers and two are LNG carriers.
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| COMPANY'S GROWTH TIME-TABLE |
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| # |
Vessel Name |
|
Type |
|
Dwt |
|
Delivery |
|
Status |
|
LT Contracts |
| 1 |
Ulysses |
|
VLCC |
|
300,000 |
|
May 2016 |
|
Delivered |
|
Yes |
| 2 |
Elias Tsakos |
|
Aframax |
|
112,700 |
|
June 2016 |
|
Delivered |
|
Yes |
| 3 |
Thomas Zafiras |
|
Aframax |
|
112,700 |
|
Aug 2016 |
|
Delivered |
|
Yes |
| 4 |
Leontios H |
|
Aframax |
|
112,700 |
|
Oct 2016 |
|
Delivered |
|
Yes |
| 5 |
Parthenon TS |
|
Aframax |
|
112,700 |
|
Nov 2016 |
|
Delivered |
|
Yes |
| 6 |
Sunray |
|
Panamax LR1 |
|
74,200 |
|
Aug 2016 |
|
Delivered |
|
Yes |
| 7 |
Sunrise |
|
Panamax LR1 |
|
74,200 |
|
Sep 2016 |
|
Delivered |
|
Yes |
| 8 |
Maria Energy |
|
LNG |
|
93,616 |
|
Oct 2016 |
|
Delivered |
|
Yes |
| 9 |
Hercules I |
|
VLCC |
|
300,000 |
|
Jan 2017 |
|
Delivered |
|
Yes |
| 10 |
Marathon TS |
|
Aframax |
|
112,700 |
|
Feb 2017 |
|
Delivered |
|
Yes |
| 11 |
Lisboa |
|
DP2 Shuttle |
|
157,000 |
|
Mar 2017 |
|
Delivered |
|
Yes |
| 12 |
Sola TS |
|
Aframax |
|
112,700 |
|
Apr 2017 |
|
Delivered |
|
Yes |
| 13 |
Oslo TS |
|
Aframax |
|
112,700 |
|
May 2017 |
|
Delivered |
|
Yes |
| 14 |
Stavanger TS |
|
Aframax |
|
112,700 |
|
July 2017 |
|
Delivered |
|
Yes |
| 15 |
Bergen TS |
|
Aframax |
|
112,700 |
|
Q3 2017 |
|
TBD |
|
Yes |
LT: Long-Term
ABOUT FORWARD-LOOKING STATEMENTS
Except for the historical information contained herein, the matters discussed in this press release are
forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those
predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events, or otherwise.