Company: TEN-PE
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001193125-25-225057
Chunk: 11

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-09-30
Form: 6-K
Chunk 11
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 $0.1 million, to $11.6 million compared to $11.5 million in the first half of 2024. All vessels in the fleet are technically managed by Tsakos Shipping and Trading, apart from the LNG carriers, Maria Energy, Tenergy, the VLCCs Ulysses, Hercules I, Dias I, the suezmax tankers Decathlonand Popi Sazaklis, the aframax tankers Maria Princess, Ise Princess(up to the sale on July 14, 2025), DF Montmartre, DF Mystras, Alpesand Aspen, which have been managed by third-party managers. Vessel monthly fees payable to the management company for owned conventional operating vessels amounted to $31,000, for chartered in vessels or chartered out on a bareboat basis and for vessels under construction monthly fees were $21,700, for the DP2 suezmax shuttle tankers monthly fees were $37,200. Monthly fees incurred increases of $1,000 for all conventional vessels, $1,200 for DP2 suezmax shuttle tankers and $700 for vessels under construction in 2025 compared to 2024. Monthly fees for third-party managed vessels increased to $29,256 from $28,756 for the suezmax tanker Decathlon, for the VLCCs Ulyssesand Hercules Ito $30,649 from $30,149, for the LNG carrier Maria Energyto $46,358 from $45,858, for the LNG carrier Tenergyto $38,833 from $37,500, for the aframax tanker Maria Princessto $30,649 from $30,149, and for the aframax tanker Ise Princessto $30,017 from $29,256 (up to the sale July 14, 2025), respectively. Monthly fees for VLCC Dias Iamounted to $29,208, increased from $28,708. For the aframax tankers Alpes, Aspen, and the suezmax tanker Popi Sazaklis, monthly fees amounted to $28,750 from$29,280 and $28,375 from $28,708 for the dual fuel LNG aframax tankers DF Montmartreand DF Mystras,respectively.

Office administrative expenses consist primarily of professional fees, office supplies, investor relations, advertising costs, directors’ liability insurance, directors’ fees and travel-related expenses. Administrative expenses totaled $2.1 million during