Tsakos Overview & Capitalization
Tsakos Energy Navigation (TNP) is a Greek shipping company focused on crude oil and product tankers with a smaller allocation to shuttles and LNG carriers. TNP currently has a full-delivered fleet of 36 crude tankers, 27 product tankers, 3 shuttle tankers, and 2 LNG carriers. They have four vessels in their current newbuilding initiative including two Aframaxes due late 2019 and two Suezmaxes due to 2020. All of these new vessels come with fixed charters.
Although TNP has a fairly small equity market capitalization of around $290M, they had