Tsakos Energy Navigation has the largest fleet of Aframax type dual-fuel tankers in the world. The NYSE-listed company has a fleet of 74 ships, 12 of which are under construction.
Six of them are Aframaxes dual-fuel tankers. They can also burn liquefied natural gas in addition to conventional fuels.
The 15th annual Strategic Meeting of Tsakos Energy Navigation was held in Astir Vouliagmenis with the participation of company executives and partners. The keynote speaker was US Ambassador George Tsunis, who focused on geopolitical developments in the wider Eastern Mediterranean region and the Middle East, but also across the world.
The results
In the first half of the year, the NYSE-listed company recorded revenues of US$416 million and operating profits of US$179 million, which included capital gains of US$49 million.
Net profit was 130.4 million, or 3.96 euros per share. The average charter equivalent time (TCE) per ship per day, in the first half of 2024, remained stable at US$33,830. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the first half of 2024 reached 214 million dollars.