DARS™ Stock Ratings for TNP

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Company Profile & Recommendation

Company Profile

Tsakos Energy- (TNP)-provides seaborne crude oil and petroleum product transportation services worldwide. It owns a fleet of tankers that offer marine transportation services to national, state, and international oil majors and refineries under long, medium, and short-term charters. As of May 9, 2007, it operated a fleet of 53 vessels, including 42 double-hull vessels, as well as 11 vessels, which include 7 Aframax crude carriers, 2 Panamax tankers, and 2 Handysize product carriers. The company was founded in 1993 as Maritime Investment Fund Limited and changed its name to MIF Limited in 1996. Further, the company changed its name to Tsakos Energy Navigation Limited in 2001. Tsakos Energy is based in Hellas, Greece. Shipping stocks and their dividends tend to be volatile.

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