Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 236

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 19
Chunk 236
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,541  
  Denominator                                                                                                                                                
  Weighted average number of shares, basic                                                                       29,505,603      29,505,603      27,970,799  
  Effect of dilutive shares                                                                                      —               —                  217,265  
  Weighted average number of shares, diluted                                                                     29,505,603      29,505,603      28,188,064  
  Earnings per share, basic attributable to T sakos Energy Navigation Limited                                    5.03            9.04                  6.02  
  Earnings per share, diluted attributable to T sakos Energy Navigation Limited                                  5.03            9.04                  6.01  

11. Non-controlling Interest in Subsidiaries

The Company owns 51 Maya Inca, Selini Salamina Byzantion Bosporos 49 8.81 8.7 5.6

12. Commitments and Contingencies

As at December 31, 2024, the Company had under construction two three two five

The total contracted amount remaining to be paid for the twelve vessels under construction plus the extra costs agreed as at December 31, 2024, were $ 725,686 339,280 178,297 146,482 61,627

In the ordinary course of the shipping business, various claims and losses may arise from disputes with charterers, agents and other suppliers relating to the operations of the Company’s vessels. Management believes that all such matters are either adequately covered by insurance or are not expected to have a material adverse effect on the Company’s results from operations or financial condition.

Brazilian authorities have charged certain shipbrokers with various offenses in connection with charters entered into between a major state oil entity and various international shipowners. Starting in 2020, in parallel with U. S. Department of Justice and U. S. Securities and Exchange Commission (“ SEC”) investigations regarding whether the circumstances surrounding these charters, including the actions taken by these shipbrokers, constituted non-compliance with provisions of the U. S. Foreign Corrupt Practices Act of 1977 (FCPA) applicable to the Company, the Company investigated these matters. The Company is always committed to doing business in accordance with anti-corruption laws and cooperated with these agencies. In June 2024, the SEC informed the Company that it had terminated its investigation of the Company.

Charters-out

The future minimum revenues of vessels