Tsakos Energy Navigation TEN Q2 2016 Earnings

Tsakos Energy Navigation reported Q2 2016 results with 98% core fleet utilization and 60% of remaining 2016 available days secured in revenue contracts. The company operates a pro forma fleet of 65 vessels with an average age of 7.2 years, supported by $4.5 billion in newbuilding investments since 1997 and cumulative dividends exceeding $10 per share since its 2002 NYSE listing.