Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 104

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 5
Chunk 104
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9.04 in 2023, based on 29,505,603 weighted average shares outstanding basic and outstanding.

Some of the most significant developments for the Company during 2024 were:

  the dry-docking of Euronike, Selini, Salamina, Nippon Princess, Maria Princess, Alaska, Archangel, Andes, World Harmony, Chantal, Promitheas, Asahi Princess, Ise Princess, and Dias I, for their...  

  the deliveries of new vessels, the aframax tankers Chios DF, Ithaki DF, Alpes, Aspen, DF Montmartre, DF Mystras, and the suezmax tanker Popi Sazaklis;  

  the acquisition of the two suezmax vessels, Archangel and Alaska;  
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  the sale of Eurochampion 2004, Izumo Princess, Nippon Princess, Euronike and Neo Energy;  

  the payment to holders of Series E preferred shares of dividends totaling $11.0 million in aggregate;  

  the payment to holders of Series F preferred shares of dividends totaling $16.0 million in aggregate; and  

  dividends to holders of common shares totaling $1.50 per share or $44.8 million in aggregate.  

The Company operated the following types of vessels during and at the end of 2024:

  Vessel Type                                         LNG carrier       VLCC      Suezmax      Suezmax DP2 shuttle      Aframax      Panamax      Handysize MR1  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Average number of vessels                                   2.4        3.0         13.0                      4.0         26.4          9.0                4.0  
  Number of vessels at end of year                            2.0        3.0         13.0                      4.0         27.0          9.0                4.0  
  Dwt at end of year (in thousands)                           187        900        2,072                      623        3,020          662                149  
  Percentage of total fleet (by dwt at year end)             2.5%      11.8%        27.2%                     8.2%        39.7%