Tsakos Energy Navigation posts higher H1 profit on strong tanker market

Tsakos Energy Navigation reported a sharp rise in net income to $228.1 million for the first six months of 2026, up from $64.5 million in the equivalent period of 2025.

The company recorded voyage revenues of $551.4 million across the first half, supported by an average time charter equivalent rate of $43,503 per vessel per day.

During the second quarter ended June 30, net income attributable to the company reached $139.3 million, compared with $26.8 million in the prior-year period.

Second-quarter voyage revenues rose 54 per cent year on year to $298.4 million, benefiting from average time charter equivalent earnings of $46,100 per vessel per day.