Tsakos Energy Navigation Ltd. TNP / USD Stock
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Volume: 2026-02-17
Aggregate Volume: 247 Days
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What is Tsakos Energy Navigation Ltd.?
This company operates in the maritime transportation sector, specializing in the carriage of crude oil and petroleum products. It owns and operates a fleet of modern, double-hull tankers, including Suezmax, Aframax, and product tankers. The business model centers on providing reliable and efficient seaborne transportation services to major oil companies, refiners, and traders globally. The company's fleet composition and strategic deployment allow it to serve diverse trading routes and cater to varying cargo sizes and types. Its market position is defined by its established operational track record, experienced management team, and focus on maintaining a modern, fuel-efficient fleet. This allows it to compete effectively in the highly competitive tanker shipping industry, which is subject to global energy demand and geopolitical influences. The company's financial performance is closely tied to tanker charter rates, which fluctuate based on supply and demand dynamics in the global oil market.
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