TEN Discusses Fleet Renewal, Market Conditions, And Energy Trade Shifts

Benzinga_recent_news02-11 23:22

In this episode of Capital Link's 2026 Corporate Presentation Series, Tsakos Energy Navigation’s (NYSE:TEN) senior management team discussed the company’s recent milestones and initiatives. The ...

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The ...</p>\n\n<a href=\"https://www.benzinga.com/Opinion/26/02/50545201/ten-discusses-fleet-renewal-market-conditions-and-energy-trade-shifts\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4144","symbol_name":"石油与天然气的储存和运输","start_time":0,"source_url":"https://www.benzinga.com/Opinion/26/02/50545201/ten-discusses-fleet-renewal-market-conditions-and-energy-trade-shifts","article_id":"2610695197","we_media_id":null,"thumbnails":["https://static.tigerbbs.com//next-assets/images/benzinga-post-card-placeholder.svg?optimize=medium&dpr=2&auto=webp&width=240?op=imageView2&mode=2&width=256&height=256&quality=70&format=png"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/Opinion/26/02/50545201/ten-discusses-fleet-renewal-market-conditions-and-energy-trade-shifts","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2610695197","pubTimestamp":1770823320,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"In this episode of Capital Link's 2026 Corporate Presentation Series, Tsakos Energy Navigation’s  senior management team discussed the company’s recent milestones and initiatives. The discussion featured Dr. Nikolas P. Tsakos, Founder & CEO, Mr. George Saroglou, President & COO, Mr. Harrys Kosmatos, Co-CFO, Mr. Dimitris Bertolis, CIO, and Ms. Clio Hatzimichalis, General Counsel & Board Member. Management addressed the company's financial performance and market outlook.Please visit the following link to watch the full presentation:. However, he believes that a severe shortage of available tonnage is insulating tanker owners. Nearly 30% of the global fleet has shifted between gray and black trading zones due to sanctions, creating a supply gap for operators such as TEN that trade exclusively with blue-chip oil majors. This, combined with steadily growing oil demand, has driven a sharp acceleration in charter rates. 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Management addressed the company's financial performance and market outlook.\nPlease visit the following link to watch the full presentation:\nhttps://www.youtube.com/watch?v=7QOLSTol9qE\nGeopolitical Disruption and the Shortage of High-Quality Tonnage\nThe company operates a fleet of 82 vessels, including DP-2 shuttle tankers, VLCCs, product tankers, and LNG carriers, with additional newbuildings underway, totaling approximately 11 million dwt.  TEN has become a carrier of choice for leading energy majors, including ExxonMobil, Equinor, Shell, Chevron, Total, and BP.\nAccording to Dr. Tsakos, the past five years have been the most challenging period in the company's history.  He reflected on the succession of crises TEN has navigated since its inception from the Exxon Valdez incident and the introduction of OPA 90, to the Asian Financial Crisis, 9/11, and the 2008 financial crisis. However, the period from 2020 onward has been uniquely volatile. \"COVID significantly reduced oil demand and energy consumption.\" On top of that, the war in Ukraine reshaped the map of energy transportation, introducing new trade routes, Dr. Tsakos explained. He further added that tariffs, instability in the Middle East, developments in Venezuela and turmoil in Iran have further compounded uncertainty. \"Virtually everywhere oil is produced, geopolitical events are unfolding on an almost weekly basis\" he concluded.\nHowever, he believes that a severe shortage of available tonnage is insulating tanker owners. Nearly 30% of the global fleet has shifted between gray and black trading zones due to sanctions, creating a supply gap for operators such as TEN that trade exclusively with blue-chip oil majors. This, combined with steadily growing oil demand, has driven a sharp acceleration in charter rates. Dr. Tsakos observed that VLCCs exceed $100,000 per day compared with around $50,000 last year.\nDisciplined Expansion in a Volatile Market\nConservative Financial Strategy Supported by Strong Market Fundamentals\nRegulation and Geopolitics Shaping Market Dynamics\nBenzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2610695197","isCrawlerRequest":true}