Nikolas Tsakos has whet investor appetite for continued expansion at Tsakos Energy Navigation.
TEN has spent $4.5bn on newbuildings since 1997, has completed fleet deals in the past and with a fully funded orderbook has the cash for expansion today.
Tsakos, chief executive of the public company, hinted at a pending deal on the company’s first quarter conference call.
Asked about the opportunity to take on distressed assets, he said: “We are looking very seriously into something like this.
“I
