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Tsakos Energy Navigation Receives 'Ship Safety Achievement Award' from The Chamber Of Shipping Of America
"With the acceptance of this illustrious award, TEN has proven its vision and commitment to seamanship and maritime professionalism," said Nikolas P. Tsakos, President and CEO of Tsakos Energy Navigation. "This accomplishment is a direct reflection of our dedication to the strict observance of international maritime regulation, the high quality maritime training of our
employees, and to providing our customers safe, punctual and superior service."
The Ship Safety Award is presented to vessels that have performed outstanding feats of safety during the course of a calendar year. Outstanding feats of safety may include, but are not limited to: rescue; assistance to distressed vessels; transfer of ill or injured persons under difficult sea conditions; and demonstrations of safety and ship operations which have contributed to saving a life or a ship.
The Inca was nominated by the U.S. Coast Guard for its alertness, outstanding seamanship and search and recovery skills under adverse weather conditions on March 6, 2004, in successfully recovering three crewman from
their disabled fishing vessel off the Coast of Colombia. Because of the severity of the weather conditions M/T Inca was unable to transfer the three survivors to the Coast guard vessel and they remained on board for the voyage to Cristobal, where they were repatriated.
Mr. Paul Durham, Chief Financial Officer of TEN, has accepted the award on behalf of the Company during an awards ceremony held in New Orleans, Louisiana by the Chamber of Shipping of America on June 9, 2005.
ABOUT TSAKOS ENERGY NAVIGATION
TEN expects to operate a fleet of 38 vessels of 4.1 million dwt by mid-2007. Currently it operates a fleet of 25 vessels (including three chartered-in, one Aframax and two Suezmaxes vessels) of approximately 2.8 million dwt
with an average age of 6.5 years compared to 12 years of the world average.
Its newbuilding program today consists of 13 vessels (5 Suezmax, 2 Aframax, 5 Handymax, 1 LNG) of 1.3 million dwt.
FORWARD-LOOKING STATEMENTS
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a
result of new information, future events, or otherwise.
SOURCE Tsakos Energy Navigation Limited
-0- 06/13/2005
/CONTACT: George V. Saroglou, COO of Tsakos Energy Navigation Ltd., 30 210 94 07 710-3, or ten@tenn.gr; or Parag Dave of GCI Group for Tsakos Energy Navigation Ltd., +1-212-537-8016, or pdave@gcigroup.com/
/First Call Analyst: /
/FCMN Contact: /
/Web site: http://www.gcigroup.com/
(TNP)