.jpg)
A remarkable and inspiring personality of Shipping Dr. Nikolas P. Tsakos, Founder & CEO at TEN Ltd. and Chairman at INTERTANKO (2014-2018) was honored with the Capital Link Shipping Leadership Award for Reaching the Milestone of 30 Successful Years as a Public Company and for his Outstanding Contribution to Greek & Global Shipping.
The Introductory Remarks were made by Mr. Paolo d’Amico Chairman INTERTANKO Chairman & CEO - d'Amico International Shipping SA.
In his acceptance remarks, Dr. Nikolas P. Tsakos stated inter alia that, very often when he lectures at Professor Grammenos’ school of thought in London, he is asked to explain the recipe for the company’s success. He credited the company’s strategy of seeking steady but prudent growth in a cyclical industry over many years, a substantial fleet renewal program, focus on maintaining a strong balance sheet with conservative leverage and healthy cash reserves, and rewarding shareholders with continuous and uninterrupted dividends. He made special mention of TEN’s customer centric focus, with the company growing after studying the needs of its customer base. He mentioned that innovation too was a reason for TEN’s success, as it was the first tanker company to operate a double-double fleet, way ahead of the OPA90 deadline. Also, in 2023 TEN took delivery of the first series of Greek flag LNG powered aframaxes and is in the process of expanding its green initiative footprint. Dr. Tsakos further stressed that, operating in a very complex international industry, the company’s focus is put on running safe, environmentally friendly vessels, with well-educated, satisfied, and happy crews. The human factor is another of the company’s important traits. Diversity, Flexibility, Simplicity, Focus and Quality if Service, with the Human Factor at the core are centerpieces of TEN’s culture and strategy.
He also said that being public in NY and dealing with the best bankers and law firms in the world was an essential element in the growth of the company and expressed his gratitude and appreciation to the human factor of Tsakos Group putting at the Centre of its activity.
He also thanked his colleagues George Saroglou, Michael Joliffee, Efthimios Mitropoulos, Vassilis Papageorgiou and Paul Durham who contributed the most in this 30-year Odyssey in shipping.
He concluded that now that his most important job of parenthood was completed, as an empty nester he would have even more time to grow the company further.
Today TEN operates 72 tankers of all shorts LNG, VLCCs, aframax, Suezmax a policy that was inspired by his father Cpt Panagiotis Tsakos.
ELNAVI Newsletter
More Information: ELNAVI,
19, Aristidou str., Piraeus 185 31,
Tel.: +30 210 45.22.100, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.