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TEN, Ltd. Holds its Twenty Fifth Annual General Meeting

ATHENS, Greece, May 25, 2018 (GLOBE NEWSWIRE) -- TEN, Ltd. (“TEN”) (NYSE:TNP) (the “Company”), a leading crude, product, and LNG tanker operator, announced today that the Company conducted its Annual General Meeting (AGM), with a quorum of its common shares represented in person or by proxy.  All of the resolutions proposed were approved by at least 97% of the votes cast at the meeting. 

ABOUT TSAKOS ENERGY NAVIGATION
TEN, founded in 1993 and celebrating this year 25 years as a public company, is one of the first and most established public shipping companies in the world today. TEN’s fleet today consists of 64 double-hull vessels, constituting a mix of crude tankers, product tankers and LNG carriers, totalling 6.9 million dwt. Of these, 46 vessels trade in crude, 13 in products, three are shuttle tankers and two are LNG carriers.

COMPANY’S GROWTH TIME-TABLE

# 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 Oct 2017 Delivered 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.

For further information please contact:

Company
Tsakos Energy Navigation Ltd.
George Saroglou
COO
+30210 94 07 710
gsaroglou@tenn.gr

Investor Relations / Media
Capital Link, Inc.
Nicolas Bornozis
Paul Lampoutis
+212 661 7566
ten@capitallink.com

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