Tsakos Energy Navigation – Riding the Tanker Boom and Billion-Dollar Contracts to a Decade High

High tanker rates are driving profits for the Greek shipping company. Long-term charter contracts secure minimum revenues of 3.6 billion USD. 19 additional new builds open up growth opportunities until 2029. Tsakos Energy Navigation (TEN) has increased by approximately 152% since the beginning of the year, reaching a new decade high of 56.43 USD on October 13. However, the all-time high from 2007 of around 195 USD is still far from being reached. The Greek shipping company transports crude oil and oil products for energy companies such...