TEN Ltd. Holds Its Thirty-Second General Annual Meeting of Shareholders

Rhea-AI Summary

TEN Ltd., a leading diversified crude, product and LNG tanker operator, successfully held its 32nd Annual General Meeting in Athens on June 12, 2025. All proposed resolutions were approved with at least 94.6% of votes cast. The company, founded in 1993 and public for 32 years, operates a diverse energy fleet of 82 vessels, including twelve DP2 shuttle tankers and multiple vessels under construction. The total fleet capacity is 10.1 million dwt, comprising crude tankers, product tankers, and LNG carriers. The company currently has several vessels under construction, including two scrubber-fitted suezmax vessels, two scrubber-fitted MR product tankers, and five scrubber-fitted LR1 tankers.

ATHENS, Greece, June 18, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Thirty-Second General Annual Meeting of Shareholders was duly held in Athens on June 12, 2025, pursuant to a Notice of Annual Meeting of Shareholders dated April 30, 2025 (“the Notice”). The meeting was conducted with a quorum of its common shares represented either in person or by proxy, and all proposed resolutions were approved by at least 94.6% or higher of the votes cast.

ABOUT TSAKOS ENERGY NAVIGATION

Founded in 1993 and celebrating 32 years as a public company, TEN is one of the first and most established public shipping companies in the world. TEN’s diversified energy fleet currently consists of 82 vessels, including twelve DP2 shuttle tankers, two scrubber fitted suezmax vessels, two scrubber-fitted MR product tankers and five scrubber-fitted LR1 tankers under construction, consisting of a mix of crude tankers, product tankers and LNG carriers, totaling 10.1 million dwt.

FORWARD-LOOKING STATEMENTS

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

For further information, please contact:

Tsakos Energy Navigation Ltd.
George Saroglou
President & COO
+30210 94 07 710
gsaroglou@tenn.gr

Investor Relations / Media
Capital Link, Inc.
Nicolas Bornozis/ Markella Kara
+212 661 7566
ten@capitallink.com

FAQ

What was the outcome of TEN Ltd's 32nd Annual General Meeting in 2025?

All proposed resolutions at TEN Ltd's 32nd Annual General Meeting were approved with at least 94.6% of votes cast.

How many vessels does TEN Ltd's fleet currently consist of?

TEN Ltd's fleet currently consists of 82 vessels with a total capacity of 10.1 million dwt.

What types of vessels are currently under construction for TEN Ltd?

TEN Ltd has two scrubber-fitted suezmax vessels, two scrubber-fitted MR product tankers, and five scrubber-fitted LR1 tankers under construction.

How long has TEN Ltd been a public company?

TEN Ltd has been a public company for 32 years, since 1993.