Tsakos Energy Navigation voyaged deeper into the red on less revenue and higher expenses.

The New York-listed tanker player posted a $24.8m shareholder loss for the third quarter versus a $10m deficit during the same period in 2017.

Loss per share came in at $0.28, more than double last year's $0.12 loss and missing analyst estimates of $0.21.

Net fleet revenue came in at $92.6m