Tsakos Energy Navigation Announces $14.5M Two-Year Time Charter Extension for an Aframax Tanker

Tsakos Energy Navigation Limited TNP today announced a two-year time charter extension for the 2008 built, 105,392 dwt, double hull aframax tanker, Nippon Princess, with the same charterer, a state oil company. The new charter commenced in July 2012. The gross revenues from the extension of this charter are expected to be approximately $14.5 million over the corresponding period.