TEN, Ltd. Holds its Twenty Fifth Annual General Meeting

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ATHENS, Greece, May 25, 2018 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN") TNP (the "Company"), a leading crude, product, and LNG tanker operator, announced today that the Company conducted its Annual General Meeting (AGM), with a quorum of its common shares represented in person or by proxy.  All of the resolutions proposed were approved by at least 97% of the votes cast at the meeting. 

ABOUT TSAKOS ENERGY NAVIGATION
TEN, founded in 1993 and celebrating this year 25 years as a public company, is one of the first and most established public shipping companies in the world today. TEN's fleet today consists of 64 double-hull vessels, constituting a mix of crude tankers, product tankers and LNG carriers, totalling 6.9 million dwt. Of these, 46 vessels trade in crude, 13 in products, three are shuttle tankers and two are LNG carriers.

COMPANY'S GROWTH TIME-TABLE

#Vessel NameTypeDwtDeliveryStatusLT Contracts
1UlyssesVLCC300,000May 2016DeliveredYes
2Elias TsakosAframax112,700June 2016DeliveredYes
3Thomas ZafirasAframax112,700Aug 2016DeliveredYes
4Leontios HAframax112,700Oct 2016DeliveredYes
5Parthenon TSAframax112,700Nov 2016DeliveredYes
6SunrayPanamax LR174,200Aug 2016DeliveredYes
7SunrisePanamax LR1 74,200Sep 2016DeliveredYes
8Maria EnergyLNG93,616Oct 2016DeliveredYes
9Hercules IVLCC300,000Jan 2017DeliveredYes
10Marathon TSAframax112,700Feb 2017DeliveredYes
11Lisboa DP2 Shuttle157,000Mar 2017DeliveredYes
12Sola TSAframax112,700Apr 2017DeliveredYes
13Oslo TSAframax112,700May 2017DeliveredYes
14Stavanger TSAframax112,700July 2017DeliveredYes
15Bergen TSAframax112,700Oct 2017DeliveredYes

LT: Long-Term

ABOUT 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.

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For further information please contact:

Company
Tsakos Energy Navigation Ltd.
George Saroglou
COO
+30210 94 07 710
gsaroglou@tenn.gr

Investor Relations / Media
Capital Link, Inc.
Nicolas Bornozis
Paul Lampoutis
+212 661 7566
ten@capitallink.com

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