Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 2

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 3
Chunk 2
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 future performance of our subsidiaries’ LNG carriers depends on continued growth in LNG production and demand for LNG and LNG shipping, which could be significantly affected by volatile nat...  

  Our growth in shuttle tankers depends partly on continued growth in demand for offshore oil transportation, processing and storage services.  

  Fuel prices may adversely affect our profits.  
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  The shipping industry has inherent operational risks that may not be adequately covered by our insurance.  
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  Failure to protect our information systems against security breaches could adversely affect our business and financial results. Additionally, if these systems fail or become unavailable for any...  

  Our degree of leverage and certain restrictions in our financing agreements impose constraints on us.  

  We are exposed to volatility in SOFR and selectively enter into derivative contracts, which can result in higher than market interest rates and charges against our income.  

  Inflation could adversely affect our business and financial results by increasing the costs of operating our business  

  Because some of our subsidiaries’ vessels’ expenses are incurred in foreign currencies, we are exposed to exchange rate risks  
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  The Tsakos Holdings Foundation and the Tsakos family, who own a significant percentage of our common shares, can exert considerable influence over us, which may limit your ability to influence ...  
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Risks Related to Our Management Arrangements

  We depend on Tsakos Energy Management and Tsakos Shipping to manage our business, as we do not have the employee infrastructure to manage our operations and have no physical assets.  

  Tsakos Shipping could experience conflicts of interests in performing obligations owed to us and the operators of other tankers, including tankers that clients of Tsakos Shipping have acquired.  

  Our chief executive officer has affiliations with Tsakos Energy Management and Tsakos Shipping, which could create conflicts of interest.  

Risks Related To Our Common and Preferred Shares

  Future sales of our shares in the public market could cause the market price of our shares to decline.  

  We may not be able to pay cash dividends on our common shares or preferred shares as intended if market conditions change.  
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