03/27
Tsakos tends to report later than other shipping companies.
- Voyage rev of $220.2M
- Net Income of $33.2M
- Company declared a semi-annual div of 60c/sh
- Subsequent to end of q4 2023, company has declared option on newbuild shuttle tanker. The vessel has already secured a 10-yr contract, with an additional 10 possible option years. (Interestingly, TNP provided the data in the case of maximum contract)
- Company indicates it has $2B of contracted backlog