Tsakos Energy Navigation (TEN) has produced a solid performance in the traditionally weak third quarter.
The tanker owner posted an eightfold increase in net income with its bottom line climbing to $40m in the three months to the end of September.
Quarterly earnings per share of $0.42 came in ahead of the $0.38 consensus.
Nikolas Tsakos, president of TEN, said: “The long-term strength of the tanker market is clearly apparent in what is seasonally a slow quarter.
“Our
