Company: TEN-PE
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001193125-25-225057
Chunk: 29

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-09-30
Form: 6-K
Chunk 29
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 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 July 14, 2025), DF Montmartre, DF Mystras, Alpesand Aspen. Vessel monthly fees for operating conventional vessels were $ 31.0, for chartered in vessels or chartered out on a bare-boat basis and for vessels under construction monthly fees were $ 21.7, and $ 37.2 for the DP2 suezmax shuttle tankers.Monthly fees incurred increases of $ 1.0 for all conventional vessels, $ 1.2 for DP2 suezmax shuttle tankers, $ 0.7 for vessels under construction in 2025 compared to 2024. Monthly fees for third-party managed vessels increased to $ 29.3 from $ 28.8 for the suezmax tanker Decathlon, the VLCCs Ulysses, Hercules Ifrom $ 30.1 to $ 30.7, for LNG carrier Maria Energyincreased to $ 46.4 from $ 45.9 and Tenergyto $ 38.8 from $ 37.5, for the aframax tanker Maria Princessfrom $ 30.1 to $ 30.7, and from $ 29.3 to $ 30.1 for the aframax tanker Ise Princess(up to the sale July 14, 2025), respectively. Monthly fees for VLCC Dias Iamounted to $ 29.2 from $ 28.7. For the aframax tankers Alpes, Aspen, and the suezmax tanker Popi Sazaklis, monthly fees amounted to $ 28.7 from$ 29.3 and $ 28.4 from $ 28.7 for the dual fuel LNG aframax tankers DF Montmartreand DF Mystras,respectively.

The Management Company, for services rendered, charged $5,143 for the second quarter of 2025 and $5,086 for the prior year second quarter. Charges for the first half of 2025 amounted to $10,217 and $10,061 for the prior year respective period.

In addition to the management fee, the Management Agreement provides for an incentive award to the Management Company, which is at the absolute discretion of the Holding Company’s Board