Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 240

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 19
Chunk 240
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 date of each vessel, included in liabilities assumed from time charters attached in the accompanying consolidated balance sheets as of December 31, 2024. For the year ended December 31, 2024, the amortization of liabilities assumed from time charters attached amounted to $ 15,792, compared to $nil for the prior year. The amortization of liabilities assumed from time charters attached is included in voyage revenues in the accompanying consolidated statements of comprehensive income. 0

The unamortized balance of the liability as of December 31, 2024, is expected to be amortized over the weighted average period of 1.7 years as follows:

Liabilities assumed from time charters attached - Unamortized balance expected to be amortized (table)

  Period/ Year                                         Amount  
  2025                                                 18,813  
  2026                                                  8,047  
  2027                                                  4,275  
  Liabilities assumed from time charters attached      31,135  

16. Subsequent Events

  On January 2, 2025, 155,500 restricted shares or equal to the 25% of the restricted shares granted in July 2024, vested under the 2024 Plan.  
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  On January 29, 2025, the Company paid a dividend of $ 0.59375 per share for its 9.50% Series F Preferred Shares.  

  On February 27, 2025, the Company paid a dividend of $ 0.57812 per share for its 9.25% Series E Preferred Shares.  

  On March 26, 2025, the Company sold its suezmax tanker Pentathlon.  
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  On March 14, 2025, the Company signed nine shipbuilding contracts for the construction of nine DP2 suezmax shuttle tankers ( Hull 2733, Hull 2734, Hull 2735, Hull 2736, Hull 2737, Hull 2738, Hu...  

  Table of Contents      F-