Tsakos Energy Navigation Limited

Thank you for standing by, ladies and gentlemen, and welcome to the Chakros Energy Navigation Conference call on the fourth quarter 2021 financial results. We have with us Mr. Takis Arogoglu, Chairman of the Board, Mr. Nicolas Chakros, President and CEO, Mr. Paul Daron, Chief Financial Officer, and George Saroglu, Chief Operating Officer of the company. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session, at which time, if you wish to ask a question, please press star 1 on your telephone keypad and wait for your name to be announced. I must advise you that this conference is being recorded today. And now, I pass it over to the President of Chakros Energy Navigation. Can you hear us? No, it's not on this here.

Thank you very much, and good morning. Good morning. Good morning. and we will have a copy for you right away we will send you a copy by email Please note that parallel to today's conference call, there is also a live audio and slide webcast which can be accessed on the company's website on the front page at www.temn.gr. The conference call will follow the presentation slides, so please, we urge you to access the presentation slides on the company's website. Please note that the slides of the webcast presentation will be available and archived on the website of the company after the conference call. Also, please note that the slides of the webcast presentation are user-controlled, and that means that by clicking on the proper button, you can move to the next or to the previous slide on your own. At this time, I would like to read the same article statement. This conference call and slide presentation of the webcast contains certain forward-looking statements within the meaning of the safe harbor provision of the Private Securities Litigation Report Act of 1995. The investors are concerned that such forward-looking statements involve risks and uncertainties, which may affect tax, business prospects, and results of operations. And at this moment, I would like to pass the floor on to Mr. Takisarapoglou, the Chairman of the Board of Chakras Energy Navigation,

Please go ahead, Mr. Alato. Thank you, Nicolas. Good morning and good afternoon to all. Thank you for joining our call today. The results we published today demonstrate the continued operating resilience of TEN in historically very weak markets that prevailed throughout 2021, and operating performance clearly far superior to our competition. This allows us to continue our confident path with great conviction and propose a dividend, as we have done since inception, in an uninterrupted fashion. We are currently experiencing very firm market conditions which are not based on fundamentals. This is clearly an event-driven situation generated by both a surging post-pandemic economy and its inflationary and supply chain repercussions, as well as by the admittedly quite sad war and humanitarian disaster in the Ukraine affecting the world in more ways than one. It is still too early to say whether the current recovery is transitory and for how long, or to any extent more permanent in nature. But in any case, we consider it as a welcome bridge towards the long-awaited recovery in the tanker market based on strong industry fundamentals. For this, TEN, through its well-structured operating model, is perfectly positioned to benefit from, as it is indeed benefiting from already, reflected and acknowledged, as you are all aware, by the recent rise in the stock price. So congratulations once again for Nikos Tsarkos and his team. and best wishes for continued success in 2022. And thanks again. And over to you, Nikos Stakos. Thank you.