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Tsakos Energy Announces Fourth Quarter and Year-end 2003 Conference Call And Webcast
On Friday, February 27, 2003, at 10:00 A.M. Eastern Time, TEN will host a conference call to review fourth quarter and year-end results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management team, may contain information beyond what is included in the earnings press release.
To participate in the call from United States and Canada, please dial (800) 946-074 approximately five minutes prior to the start time. To participate in the call outside the United States or Canada, please dial (719)457-2650 five minutes prior to the start time. The Conference ID is 247025. Two hours after the completion of the conference call, a digital recording of the call will be available for seven days, and can be accessed by dialing (888) 203-1112 inside the United States and Canada and (719) 457-0820 outside the United States and entering the Conference ID 247025.
The call, which will be simultaneously broadcast live over the Internet, can be accessed at http://www.firstcallevents.com/service/ajwz399998140gf12.html approximately ten minutes before the start of the call.
Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast. The online archive of the broadcast will be available within one hour of the live call.
ABOUT TSAKOS ENERGY NAVIGATION
Including the addition of the M/T La Madrina, TEN currently operates a fleet of 28 vessels (including one chartered-in aframax, the Olympia, and the two suezmaxes, the renamed Cape Baker and Cape Balboa, recently the subject of the sale and charter-back deal). The fleet comprises 2,981,252 DWT and has an average age of 6.8 years, compared to the average for the world's tanker tonnage of 12.8 years. TEN is scheduled to take delivery of a further eleven newbuildings over the next three years. The resulting fleet of 39 vessels with 4,147,052 DWT will include 27 newbuildings (1997-2007) with 3,148,113 DWT.
Additionally, the Company has options for 3 more tankers: one handysize tanker for delivery in 2004, and two 1A ice class handysize tankers, which would be delivered in 2007.
VLCC 2 vessels
Suezmaxes 10 vessels(1)
Aframaxes 10 vessels
Panamaxes 8 vessels
Handysize 9 vessels(2)
TOTAL as of February 11, 2004: 39 vessels
(1): includes 6 vessels on order/under construction
(2): includes 5 vessels on order/under construction