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.

 

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
 
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.

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