TSAKOS ENERGY NAVIGATION owns 64 oil tankers and is set to make a big move up. Shipping is a bottle neck industry and prices can get out of control quickly. With VALUE being the name of the game lately and shipping costs rising it is only a matter of time the long term downtrend starts to reverse and price starts to rise. with 33% of TNP fleet not locked into long term contracts, TNP is positioned to take advantage of rising shipping costs.
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