2022 Q4 Form 20-F Financial Statement

#000119312523094132 Filed on April 06, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $270.3M $860.4M $139.1M
YoY Change 94.25% 57.55% 5.72%
Cost Of Revenue $102.8M $432.9M $102.4M
YoY Change 0.43% 7.85% 12.25%
Gross Profit $167.4M $427.5M $36.76M
YoY Change 355.54% 195.4% -9.02%
Gross Profit Margin 61.96% 49.68% 26.42%
Selling, General & Admin $7.616M $29.85M $7.195M
YoY Change 5.85% 2.49% -0.07%
% of Gross Profit 4.55% 6.98% 19.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.41M $140.8M $36.05M
YoY Change 3.78% 11.04% 4.18%
% of Gross Profit 22.34% 32.94% 98.07%
Operating Expenses $45.02M $170.7M $43.24M
YoY Change 4.13% -0.99% 3.2%
Operating Profit $122.4M $256.8M -$6.484M
YoY Change -1988.0% -1027.92% 332.27%
Interest Expense -$19.74M -$48.25M -$8.449M
YoY Change 133.61% 19.22% -7.15%
% of Operating Profit -16.12% -18.79%
Other Income/Expense, Net $196.0K $366.0K $65.00K
YoY Change 201.54% -96.25% -121.67%
Pretax Income $102.9M $208.5M -$101.2M
YoY Change -201.62% -238.44% 242.01%
Income Tax
% Of Pretax Income
Net Earnings $92.46M $168.3M -$101.9M
YoY Change -190.73% -211.14% 238.56%
Net Earnings / Revenue 34.21% 19.56% -73.25%
Basic Earnings Per Share $6.02
Diluted Earnings Per Share $3.17 $5.97 -$4.647M
COMMON SHARES
Basic Shares Outstanding 29.51M shares 27.97M shares
Diluted Shares Outstanding 28.19M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $309.4M $309.4M $119.0M
YoY Change 159.94% 159.94% -26.11%
Cash & Equivalents $304.4M $304.4M $117.2M
Short-Term Investments $200.0K $200.0K $1.852M
Other Short-Term Assets $371.9M $371.9M $19.55M
YoY Change 1801.97% 1801.97% -73.75%
Inventory $26.22M $26.20M $22.92M
Prepaid Expenses
Receivables $78.20M $78.20M $30.62M
Other Receivables $24.40M $24.40M $47.52M
Total Short-Term Assets $681.4M $681.4M $239.7M
YoY Change 184.3% 184.3% -25.46%
LONG-TERM ASSETS
Property, Plant & Equipment $2.627B $2.627B $2.596B
YoY Change 1.2% 1.2% -4.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $1.526M
YoY Change -100.0% -100.0%
Other Assets $44.40M $44.40M $34.30M
YoY Change 29.46% 29.46% 6.18%
Total Long-Term Assets $2.627B $2.627B $2.655B
YoY Change -1.05% -1.05% -4.86%
TOTAL ASSETS
Total Short-Term Assets $681.4M $681.4M $239.7M
Total Long-Term Assets $2.627B $2.627B $2.655B
Total Assets $3.309B $3.309B $2.895B
YoY Change 14.29% 14.29% -6.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.16M $48.20M $74.91M
YoY Change -35.72% -35.66% 35.46%
Accrued Expenses $36.20M $57.90M $57.60M
YoY Change -37.16% 0.52% -6.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $201.0M $229.1M $172.9M
YoY Change 16.25% 32.48% -25.59%
Total Short-Term Liabilities $369.7M $369.7M $332.1M
YoY Change 11.32% 11.32% -13.06%
LONG-TERM LIABILITIES
Long-Term Debt $1.578B $1.578B $1.200B
YoY Change 31.46% 31.46% -5.34%
Other Long-Term Liabilities $207.8M $207.8M $70.68M
YoY Change 193.99% 193.99% -12.2%
Total Long-Term Liabilities $1.786B $1.786B $1.271B
YoY Change 40.5% 40.5% -5.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $369.7M $369.7M $332.1M
Total Long-Term Liabilities $1.786B $1.786B $1.271B
Total Liabilities $1.786B $1.786B $1.654B
YoY Change 7.96% 7.96% -5.95%
SHAREHOLDERS EQUITY
Retained Earnings $311.7M $149.5M
YoY Change 108.51%
Common Stock $1.144B $1.100B
YoY Change 4.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.791M $6.791M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $1.523B $1.523B $1.241B
YoY Change
Total Liabilities & Shareholders Equity $3.309B $3.309B $2.895B
YoY Change 14.29% 14.29% -6.99%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income $92.46M $168.3M -$101.9M
YoY Change -190.73% -211.14% 238.56%
Depreciation, Depletion And Amortization $37.41M $140.8M $36.05M
YoY Change 3.78% 11.04% 4.18%
Cash From Operating Activities $288.5M $258.0M
YoY Change 443.26% -45.57%
INVESTING ACTIVITIES
Capital Expenditures $301.6M $101.0M
YoY Change -5463.68% 17.44%
Acquisitions
YoY Change
Other Investing Activities -$300.0K $161.0M
YoY Change -87.4% 9.52%
Cash From Investing Activities -$301.8M $60.00M
YoY Change 3670.79% -1.64%
FINANCING ACTIVITIES
Cash Dividend Paid $43.71M
YoY Change 20.37%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $494.2M
YoY Change 54.96%
Cash From Financing Activities $195.5M -49.00M
YoY Change -318.02% -90.08%
NET CHANGE
Cash From Operating Activities $288.5M 258.0M
Cash From Investing Activities -$301.8M 60.00M
Cash From Financing Activities $195.5M -49.00M
Net Change In Cash $182.2M 269.0M
YoY Change -508.85% 556.1%
FREE CASH FLOW
Cash From Operating Activities $288.5M $258.0M
Capital Expenditures $301.6M $101.0M
Free Cash Flow -$13.07M $157.0M
YoY Change -122.25% -59.54%

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CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
36579000 usd
CY2022 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
-0 usd
CY2021 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
-0 usd
CY2020 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
2493000 usd
CY2022 tnp Redeemable Preferred Stock Dividends1
RedeemablePreferredStockDividends1
1250000 usd
CY2021 tnp Redeemable Preferred Stock Dividends1
RedeemablePreferredStockDividends1
-0 usd
CY2020 tnp Redeemable Preferred Stock Dividends1
RedeemablePreferredStockDividends1
-0 usd
CY2022 tnp Redeemable Series G Preferred Stock Dividends
RedeemableSeriesGPreferredStockDividends
-0 usd
CY2021 tnp Redeemable Series G Preferred Stock Dividends
RedeemableSeriesGPreferredStockDividends
2171000 usd
CY2020 tnp Redeemable Series G Preferred Stock Dividends
RedeemableSeriesGPreferredStockDividends
-0 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
168260000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-187175000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15070000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.02
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-9.53
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.80
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.01
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-9.53
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.80
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27970799 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19650307 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18768599 shares
CY2022 tnp Weighted Average Number Of Share Outstanding Diluted
WeightedAverageNumberOfShareOutstandingDiluted
28188064 shares
CY2021 tnp Weighted Average Number Of Share Outstanding Diluted
WeightedAverageNumberOfShareOutstandingDiluted
19650307 shares
CY2020 tnp Weighted Average Number Of Share Outstanding Diluted
WeightedAverageNumberOfShareOutstandingDiluted
18768599 shares
CY2022 us-gaap Profit Loss
ProfitLoss
208466000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-150581000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
27222000 usd
CY2022 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
24840000 usd
CY2021 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
19819000 usd
CY2020 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-18641000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
233306000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-130762000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
8581000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4232000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
820000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3220000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
229074000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-131582000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5361000 usd
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1472319000 usd
CY2020 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
27222000 usd
CY2020 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
3461000 usd
CY2020 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
9834000 usd
CY2020 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
4000000 usd
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.50
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9379000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
18641000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1381818000 usd
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-150581000 usd
CY2021 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
168000 usd
CY2021 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
53476000 usd
CY2021 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
-0 usd
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1978000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-19819000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1291791000 usd
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
208466000 usd
CY2022 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
2500000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
43841000 usd
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
7289000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-24840000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1522919000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
208466000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-150581000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
27222000 usd
CY2022 us-gaap Depreciation
Depreciation
120459000 usd
CY2021 us-gaap Depreciation
Depreciation
126821000 usd
CY2020 us-gaap Depreciation
Depreciation
127278000 usd
CY2022 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
19246000 usd
CY2021 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
16432000 usd
CY2020 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
9822000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4052000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3246000 usd
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3782000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1116000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 usd
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 usd
CY2022 us-gaap Other Noncash Income
OtherNoncashIncome
2004000 usd
CY2021 us-gaap Other Noncash Income
OtherNoncashIncome
-0 usd
CY2020 us-gaap Other Noncash Income
OtherNoncashIncome
-0 usd
CY2022 tnp Discount On Interest Income On Receivables With Imputed Interest
DiscountOnInterestIncomeOnReceivablesWithImputedInterest
-403000 usd
CY2021 tnp Discount On Interest Income On Receivables With Imputed Interest
DiscountOnInterestIncomeOnReceivablesWithImputedInterest
-32000 usd
CY2020 tnp Discount On Interest Income On Receivables With Imputed Interest
DiscountOnInterestIncomeOnReceivablesWithImputedInterest
1932000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
5923000 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
12054000 usd
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-8121000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-440000 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-5817000 usd
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-6451000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
86368000 usd
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
28776000 usd
CY2022 tnp Payments For Dry Docking
PaymentsForDryDocking
29445000 usd
CY2021 tnp Payments For Dry Docking
PaymentsForDryDocking
27157000 usd
CY2020 tnp Payments For Dry Docking
PaymentsForDryDocking
16291000 usd
CY2022 tnp Proceeds From Swaps Terminations
ProceedsFromSwapsTerminations
16195000 usd
CY2021 tnp Proceeds From Swaps Terminations
ProceedsFromSwapsTerminations
0 usd
CY2020 tnp Proceeds From Swaps Terminations
ProceedsFromSwapsTerminations
0 usd
CY2022 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
35238000 usd
CY2021 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
1327000 usd
CY2020 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-19659000 usd
CY2022 us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
-1579000 usd
CY2021 us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
-304000 usd
CY2020 us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
6153000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3299000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1105000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8781000 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
4957000 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
445000 usd
CY2020 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
521000 usd
CY2022 tnp Increase Decrease In Capitalized Costs
IncreaseDecreaseInCapitalizedCosts
65000 usd
CY2021 tnp Increase Decrease In Capitalized Costs
IncreaseDecreaseInCapitalizedCosts
238000 usd
CY2020 tnp Increase Decrease In Capitalized Costs
IncreaseDecreaseInCapitalizedCosts
1096000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-27064000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
23365000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
14981000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
8345000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-12700000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-10322000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
17029000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-3603000 usd
CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
556000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
288529000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53111000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
205416000 usd
CY2022 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
31809000 usd
CY2021 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
55605000 usd
CY2020 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
39671000 usd
CY2022 tnp Vessel Acquisitions And Or Improvements
VesselAcquisitionsAndOrImprovements
301560000 usd
CY2021 tnp Vessel Acquisitions And Or Improvements
VesselAcquisitionsAndOrImprovements
5623000 usd
CY2020 tnp Vessel Acquisitions And Or Improvements
VesselAcquisitionsAndOrImprovements
148569000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
31555000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
53224000 usd
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
93627000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-301814000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8004000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-94613000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
701105000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
189758000 usd
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
348903000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6296000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1270000 usd
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2964000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
494171000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
318904000 usd
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
383660000 usd
CY2022 tnp Payments On Principal Portion Of Financial Liabilities
PaymentsOnPrincipalPortionOfFinancialLiabilities
2933000 usd
CY2021 tnp Payments On Principal Portion Of Financial Liabilities
PaymentsOnPrincipalPortionOfFinancialLiabilities
-0 usd
CY2020 tnp Payments On Principal Portion Of Financial Liabilities
PaymentsOnPrincipalPortionOfFinancialLiabilities
-0 usd
CY2022 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
-0 usd
CY2021 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
168000 usd
CY2020 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
9834000 usd
CY2022 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
-0 usd
CY2021 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
-0 usd
CY2020 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
50000000 usd
CY2022 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
2500000 usd
CY2021 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
-0 usd
CY2020 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
-0 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
43841000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
53476000 usd
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3461000 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
192000 usd
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
23741000 usd
CY2020 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
43711000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
36314000 usd
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
46708000 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2020 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
4000000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
195527000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-89681000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-136802000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
182242000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-44574000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-25999000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127197000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
171771000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
197770000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
309439000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127197000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
171771000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
48946000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
40840000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
53813000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
304367000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117192000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
160475000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5072000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
10005000 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
11296000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
309439000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
127197000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
171771000 usd
CY2022 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_zKOTCAhu9uy9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>(b) <span id="xdx_860_zUKudGDv8h34">Use of Estimates:</span> </i></b>The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and expenses, reported in the consolidated financial statements and the accompanying notes. Although actual results could differ from those estimates, management does not believe that such differences would be material.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2022Q4 tnp Allowance For Insurance Claims
AllowanceForInsuranceClaims
0 usd
CY2021Q4 tnp Allowance For Insurance Claims
AllowanceForInsuranceClaims
0 usd
CY2020Q4 tnp Allowance For Insurance Claims
AllowanceForInsuranceClaims
0 usd
CY2022 us-gaap Property Plant And Equipment Depreciation Methods
PropertyPlantAndEquipmentDepreciationMethods
straight-line
CY2022 us-gaap Change In Accounting Estimate Description
ChangeInAccountingEstimateDescription
Management’s estimate was based on the average demolition prices prevailing in the market during the last four years for which historical data were available. The decrease in the annual depreciation expense is expected to amount approximately $3.0 million per annum based on the useful lives of the Company’s existing fleet which are estimated at 25 years for crude and product oil carriers and 40 years for the LNG carriers from the date of original delivery from the shipyard. The effect of this change in accounting estimate, which did not require retrospective application as per ASC 250 “Accounting Changes and Error Corrections”
CY2022Q4 tnp Lessee Operating Lease Liability And Financial Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityAndFinancialLiabilityPaymentsDueYearThree
15332000 usd
CY2022Q4 tnp Lessee Operating Lease Liability And Financial Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityAndFinancialLiabilityPaymentsDueYearFour
4991000 usd
CY2022 tnp Accounting For Special Survey Dry Docking Costs
AccountingForSpecialSurveyDryDockingCosts
<p id="xdx_84A_ecustom--AccountingForSpecialSurveyDryDockingCosts_zRSIPCMD7awh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify"><b><i>(k) <span id="xdx_86E_zeF097MWolL6">Accounting for Special Survey, Dry-docking Costs and Leasehold improvements:</span> </i></b>The Company follows the deferral method of accounting for dry-docking and special survey costs whereby actual costs incurred are reported in Deferred Charges and leasehold improvements and are amortized on a straight-line basis over the period through the date the next dry-docking is scheduled to become due (approximately every <span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentEstimatedUsefulLives_c20220101__20221231__srt--StatementScenarioAxis__custom--DuringTheFirstFifteenYearsOfVesselsLifeMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DryDockingCostsAndLeaseholdImprovementsMember_zzHFZbo7LKQ8">five years</span> during the first fifteen years of the vessels’ life and every <span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentEstimatedUsefulLives_c20220101__20221231__srt--StatementScenarioAxis__custom--WithinTheRemainingUsefulLifeOfTheVesselMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--DryDockingCostsAndLeaseholdImprovementsMember_z99loNZHAJjc">two and a half years</span> within the remaining useful life of the vessels). Costs relating to routine repairs and maintenance are expensed as incurred. The unamortized portion of special survey and dry-docking costs for a vessel that is sold and/ or classified as held for sale, is included as part of the carrying amount of the vessel in determining the gain or loss on sale of the vessel.</p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0pt; margin-left: 0pt">The Company follows the deferral method of accounting for leasehold improvement costs whereby actual costs incurred are reported in Deferred Charges and leasehold improvements and are amortized on a straight-line basis over the shorter of the useful life of those leasehold improvements and the remaining lease term, unless the lease transfers ownership of the underlying asset to the lessee or the lessee is reasonably certain to exercise an option to purchase the underlying asset, in which case the lessee shall amortize the leasehold improvements to the end of their useful life.</p>
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8126000 usd
CY2022Q4 tnp Lessee Operating Lease Liability And Financial Liability Payments Due
LesseeOperatingLeaseLiabilityAndFinancialLiabilityPaymentsDue
72203000 usd
CY2022Q4 tnp Lessee Operating Lease Liability And Financial Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityAndFinancialLiabilityUndiscountedExcessAmount
-10302000 usd
CY2022Q4 tnp Operating Lease And Financial Lease Liability
OperatingLeaseAndFinancialLeaseLiability
61901000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
54877000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
16202000 usd
CY2020 us-gaap Sublease Income
SubleaseIncome
29355000 usd
CY2022 us-gaap Description Of Types Of Products And Services From Which Each Reportable Segment Derives Its Revenues
DescriptionOfTypesOfProductsAndServicesFromWhichEachReportableSegmentDerivesItsRevenues
three LNG carriers
CY2022 tnp Ro U Assets And Financial Lease Liabilities Textblock
RoUAssetsAndFinancialLeaseLiabilitiesTextblock
<p id="xdx_809_ecustom--RoUAssetsAndFinancialLeaseLiabilitiesTextblock_zhi8XfQ3ZmS4" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>3. <span id="xdx_829_znRK0ahHe1Wa">Right-of-use assets and lease liabilities</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Operating leases</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On <span id="xdx_907_eus-gaap--SaleLeasebackTransactionDate_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArchangelAndAlaskaMember_zbMwcNEhmByf">January 9, 2020</span>, the Company commenced a new <span id="xdx_901_eus-gaap--SaleLeasebackTransactionLeaseTerms_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArchangelAndAlaskaMember_zRgt31N2Fha8">five-year</span> sale and leaseback agreement for each of the two suezmaxes, <i>Archangel </i>and <i>Alaska</i>. The agreed net sale price was $<span id="xdx_900_ecustom--SaleLeasebackTransactionNetProceedsInvestingActivities1_pn3n3_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArchangelAndAlaskaMember_zNPch3ueDV91">61,070</span>. Under these leaseback agreements, there is a seller’s credit of $<span id="xdx_904_ecustom--LeaseIncentiveReceivableNoncurrent1_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArchangelAndAlaskaMember_zEDtxorgpD5e">11,800</span> on the sales price that becomes immediately payable to the Company by the owners at the end of the five-year charter or upon sale of the vessels during the charter period. As of December 31, 2022, the Company has classified the seller’s credit, as long-term receivable amounting to $<span id="xdx_90D_ecustom--SellersAccountsReceivableCurrent_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArchangelAndAlaskaMember_zbmGwPSSisn4" title="Sort-term receivable of seller's credit">11,190</span>. In accordance with ASC 842 and the package of practical expedients, the Company accounts for the transaction as an operating lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On <span id="xdx_905_eus-gaap--SaleLeasebackTransactionDate_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zozWagf1FF4f">December 21, 2020</span>, the Company commenced a new <span id="xdx_908_eus-gaap--SaleLeasebackTransactionLeaseTerms_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zk5apx7TRRjk">five-year</span> sale and leaseback agreement for the aframax, <i>Sakura Princess.</i> The agreed net sale price was $<span id="xdx_90D_ecustom--SaleLeasebackTransactionNetProceedsInvestingActivities1_pn3n3_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zB6umkzYoBIe">24,527</span>. Under this leaseback agreement, there is a seller’s credit of $<span id="xdx_90E_ecustom--LeaseIncentiveReceivableNoncurrent1_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zPgUccrfZEAi">4,425</span> on the sales price that becomes immediately payable to the Company by the owners at the end of the five-year charter or upon sale of the vessel during the charter period. As of December 31, 2022, the Company has classified the seller’s credit, as long-term receivable amounting to $<span id="xdx_90E_ecustom--SellersAccountsReceivableNonCurrent_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zfDV5CEuVgi9" title="Long-term receivable of seller's credit">4,271</span>. In accordance with ASC 842 and the package of practical expedients, the Company accounts for the transaction as an operating lease. Upon execution of the sale and leaseback of the aframax tanker, <i>Sakura Princess</i>, the Company recognized a financial liability amounting to $<span id="xdx_90C_eus-gaap--FinanceLeaseLiability_iI_pn3n3_c20201231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_z5iqjzJXPvS2">5,148</span>, being the difference between the sale price of the asset and its fair value, as per ASC 842-40.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On <span id="xdx_906_eus-gaap--SaleLeasebackTransactionDate_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticAndAntarcticMember_zyw8H4yOzfSf">June 21, 2021</span>, the Company commenced a new <span id="xdx_903_eus-gaap--SaleLeasebackTransactionLeaseTerms_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticAndAntarcticMember_zCKdULGai1vf">five-year</span> sale and leaseback agreement for each of the two suezmaxes, <i>Arctic </i>and <i>Antarctic</i>. The agreed net sale price was $<span id="xdx_906_ecustom--SaleLeasebackTransactionNetProceedsInvestingActivities1_pn3n3_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticAndAntarcticMember_zA9lA0XQrsAl">52,304</span>. Under these leaseback agreements, there is a seller’s credit of $<span id="xdx_90A_ecustom--LeaseIncentiveReceivableNoncurrent1_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticAndAntarcticMember_zVRVNKlD9SKk">8,415</span> on the sales price that becomes immediately payable to the Company by the owners at the end of the five-year charter or upon sale of the vessel during the charter period. As of December 31, 2022, the Company has classified the seller’s credit, as long-term receivable amounting to $<span id="xdx_901_ecustom--SellersAccountsReceivableNonCurrent_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticAndAntarcticMember_zwHSgFtjpjY9" title="Long-term receivable of seller's credit">7,846</span>. In accordance with ASC 842 and the package of practical expedients, the Company accounts for the transaction as an operating lease. The sale resulted in a loss of $<span id="xdx_901_eus-gaap--GainLossOnSaleOfPropertyPlantEquipment_pn3n3_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticAndAntarcticMember_zhcqHasVrIn">1,696</span> in aggregate for both suezmaxes, which is included in Loss on sale of vessels in the accompanying Consolidated Statement of Comprehensive Income (Loss).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">At December 31, 2022 and 2021, the Company has assessed the recoverability of the seller’s credits, considering the impairment indicators present, resulting in no impairment charge.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As at December 31, 2022, the Company recognized on its consolidated balance sheet a right-of-use assets under operating leases of $<span id="xdx_908_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticAndAntarcticMember_zXOa2ZzEnvIg" title="Operating Lease, Right-of-Use Asset">31,701</span> for the two suezmaxes <i>Arctic</i> and <i>Antarctic</i>, $<span id="xdx_906_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zcCd15YlePRk" title="Operating Lease, Right-of-Use Asset">8,560</span> for the aframax tanker <i>Sakura Princess</i> and $<span id="xdx_900_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArchangelAndAlaskaMember_zLuHINqUSSie" title="Operating Lease, Right-of-Use Asset">18,445</span> for the two suezmaxes <i>Archangel </i>and <i>Alaska</i>, equal to the corresponding obligation under operating leases based on the present value of the future minimum lease payments, for each of the five right-of-use assets, respectively. The Company has not incurred any initial direct costs for the sale and leaseback transactions and has not performed any payments prior to the commencement date of the contracts. The leaseback agreements include option periods, which are not recognized as part of the right-of-use assets and the obligation under operating leases.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The incremental borrowing rate used to determine the obligations under operating leases was <span id="xdx_908_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pip0_uPure_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArchangelAndAlaskaMember_zl10nbd7EQJb">3.59%</span> for the sale and leaseback agreement for each of the two suezmaxes, <i>Archangel </i>and <i>Alaska</i>, <span id="xdx_905_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pip0_uPure_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zZeZCwAfXYZj">2.54%</span> for the sale and leaseback agreement of the aframax, <i>Sakura Princess</i> and <span id="xdx_90D_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pip0_uPure_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticAndAntarcticMember_zaVKnKQKSbZj">2.98%</span> for the sale and leaseback agreement for each of the two suezmaxes <i>Arctic</i> and <i>Antarctic</i> and the respective weighted average remaining lease term was <span id="xdx_909_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArchangelAndAlaskaMember_zh5l9VLRe7ni">2.02</span>, <span id="xdx_904_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zf9Xijd3HHp7">2.98</span> and <span id="xdx_904_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticAndAntarcticMember_z7yRQy0ugKPk">3.49</span> years, respectively, as at December 31, 2022 and <span id="xdx_90E_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArchangelAndAlaskaMember_zqXxnVABvVD8">3.02</span>, <span id="xdx_90E_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_z1BeA95kJVW6">3.97</span> and <span id="xdx_908_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticAndAntarcticMember_zBfv0B5xslcc">4.49</span> years, respectively, as at December 31, 2021. As at December 31, 2022 and 2021, both the right-of use assets and the corresponding obligation under operating leases were $<span id="xdx_90A_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pn3n3_c20221231_zOdAomZyGBQg">58,706</span> (current portion $<span id="xdx_900_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3_c20221231_zyj0VfYKkTd5">21,737</span> and non-current portion $<span id="xdx_90F_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_c20221231_z084PpHAjET4">36,969</span>) and $<span id="xdx_901_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pn3n3_c20211231_zSo3azFVcQzb">88,573</span> (current portion $<span id="xdx_909_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3_c20211231_zpMX3DJlPA33">29,749</span> and non-current portion $<span id="xdx_906_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_c20211231_zsf6Xx5QTmU2">58,824</span>), respectively. The financial liability recognized for aframax <i>Sakura Princess</i> was $<span id="xdx_905_eus-gaap--OperatingLeaseLiability_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_z0eFkLUmiU18">3,195</span> (current portion $<span id="xdx_900_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zTZz0KgkOCfd">1,031</span> and non-current portion $<span id="xdx_90B_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zyu25xfuq5pl">2,164</span>) as of December 31, 2022, and $<span id="xdx_904_eus-gaap--OperatingLeaseLiability_iI_pn3n3_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zhHKALJYYbOb">4,193</span> (current portion $<span id="xdx_90A_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pn3n3_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zzXIlQQ0dski">997</span> and non-current portion $<span id="xdx_90F_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pn3n3_c20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zNxd9efIqmm1">3,196</span>) as of December 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_898_ecustom--ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTable1TextBlock_z8pVpmVsOxfd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_8BF_zAcIVYD1SvT5" style="display: none">Operating Leases (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: Black 0.5pt solid; white-space: nowrap; width: 88%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year</b></span></td> <td style="width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 0.5pt solid; text-align: left; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_495_20221231_zX1vYuIPT9d8" style="border-bottom: Black 0.5pt solid; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Lease Commitment</b></span></td></tr> <tr id="xdx_402_ecustom--LesseeOperatingLeaseLiabilityAndFinancialLiabilityPaymentsDueNextTwelveMonths_iI_pn3n3_maOLAFLzuXv_maLOLLAzQkC_zezui0FyGca1" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2023 </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">25,922</span></td></tr> <tr id="xdx_403_ecustom--LesseeOperatingLeaseLiabilityAndFinancialLiabilityPaymentsDueYearTwo_iI_pn3n3_maOLAFLzuXv_maLOLLAzQkC_zeT8jsoDdCVf" style="background-color: White"> <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2024 </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">25,958</span></td></tr> <tr id="xdx_402_ecustom--LesseeOperatingLeaseLiabilityAndFinancialLiabilityPaymentsDueYearThree_iI_pn3n3_maOLAFLzuXv_maLOLLAzQkC_zOURldoLVMl2" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">15,332</span></td></tr> <tr id="xdx_40A_ecustom--LesseeOperatingLeaseLiabilityAndFinancialLiabilityPaymentsDueYearFour_iI_pn3n3_maOLAFLzuXv_maLOLLAzQkC_z7Ft0c1zYHbi" style="background-color: White"> <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2026 </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,991</span></td></tr> <tr id="xdx_40E_ecustom--LesseeOperatingLeaseLiabilityAndFinancialLiabilityPaymentsDue_iTI_pn3n3_mtLOLLAzQkC_zeUn2dCOhIPa" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Minimum net lease payments </b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>$</b></span></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>72,203</b></span></td></tr> <tr id="xdx_403_ecustom--LesseeOperatingLeaseLiabilityAndFinancialLiabilityUndiscountedExcessAmount_iI_pn3n3_maOLAFLzuXv_zzdX3F7CNTma" style="background-color: White"> <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: Present value discount </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 0.5pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(10,302)</span></td></tr> <tr id="xdx_401_ecustom--OperatingLeaseAndFinancialLeaseLiability_iTI_pn3n3_mtOLAFLzuXv_zmYafngFgFwc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total Obligations under operating leases and financial liability (current and non-current portion)</b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>$</b></span></td> <td style="border-bottom: Black 2pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>                   61,901</b></span></td></tr> </table> <p id="xdx_8AC_z2XcU165q2Yi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">The Company has subleased all five vessels and recognized sublease revenue, net of voyage expenses of $<span id="xdx_90D_eus-gaap--SubleaseIncome_pn3n3_c20220101__20221231_zKldqCoEooUf">54,877</span>, for the year ended 2022, and seven vessels that the Company has recognized sublease revenue, net of voyage expenses of $<span id="xdx_905_eus-gaap--SubleaseIncome_pn3n3_c20210101__20211231_zc4ev68nb4p7">16,202</span>, and $<span id="xdx_901_eus-gaap--SubleaseIncome_pn3n3_c20200101__20201231_zi3Y6jA6pZnb">29,355</span> for the years ended December 31, 2021 and 2020, respectively. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Finance leases</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0pt 0pt; text-align: justify">On <span id="xdx_902_eus-gaap--SaleLeasebackTransactionDate_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--Eurochampion2004AndEuronikeMember_znFn4yY6L1Kc">December 21, 2017</span>, the Company commenced a <span id="xdx_906_eus-gaap--SaleLeasebackTransactionLeaseTerms_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--Eurochampion2004AndEuronikeMember_zRlYejhgOhz3">five-year</span> sale and leaseback agreement for each of the two suezmaxes, Eurochampion 2004 and Euronike. The agreed net sale price was $<span id="xdx_90D_ecustom--SaleLeasebackTransactionNetProceedsInvestingActivities1_pn3n3_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--Eurochampion2004AndEuronikeMember_zDOWdQLwJpPc">65,200</span>. Under these leaseback agreements, there was a seller’s credit of $<span id="xdx_908_ecustom--LeaseIncentiveReceivableNoncurrent1_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--Eurochampion2004AndEuronikeMember_zBa0GZWsNJD1">13,000</span> on the sales price that would become immediately payable to the Company by the owners at the end of the five-year charter or upon sale of the vessels during the charter period. At inception, the Company accounted the transaction as an operating lease and continued to do so following the adoption of ASC 842 and the package of practical expedients. On October 20, 2022, the Company signed an addendum in the bareboat agreement for each of the two suezmaxes, Eurochampion 2004 and Euronike, whereby had the <span id="xdx_901_eus-gaap--SaleLeasebackTransactionLeaseTerms_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--Eurochampion2004AndEuronikeMember__srt--StatementScenarioAxis__custom--October2022AddendumMember_zJodv7TwUWea">option to extend the charter period for one year and add two purchase options to repurchase the vessels</span>. In accordance with ASC 842, the Company accounted the transaction as a lease modification and upon reassessment of the classification of the lease, the Company has classified the above transaction as a finance lease, as of the effective date of the modification. In addition, as per ASC 842-10-25-11 the Company reallocated the remaining consideration in the contract and remeasured the lease liability using an updated incremental borrowing rate of <span id="xdx_908_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pip0_uPure_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--Eurochampion2004AndEuronikeMember_z7w3mDmZie4">3.9%</span>. The Company has applied the previous seller’s credit as a prepayment in accordance with the agreement as per which the amount of $13,000 shall be applied as partial payment to repurchase the vessels upon exercise of the repurchase options. The lease liability under finance leases as of October 20, 2022, amounted to $<span id="xdx_905_eus-gaap--FinanceLeaseLiabilityCurrent_iI_pn3n3_c20221020_zpnfQktuVYA8">29,968</span>. The corresponding right-of-use-assets were adjusted upon remeasurement of the lease liability to $<span id="xdx_90B_eus-gaap--FinanceLeaseRightOfUseAsset_iI_pn3n3_c20221020_zjHmVpWrcQsh">42,968</span>. The Company’s lease liability under finance leases was increased by $<span id="xdx_903_eus-gaap--InterestAndDebtExpense_pn3n3_c20220101__20221231__us-gaap--IncomeStatementLocationAxis__custom--InterestAndFinanceCostsNetMember_zHUgyCZqyFn2">229</span> during the year ended December 31, 2022 presented in the Company’s consolidated statements of comprehensive income (loss) under interest and finance costs, while reduced by $<span id="xdx_905_eus-gaap--FinanceLeaseLiabilityNoncurrent_iI_pn3n3_c20221231_zlJ5s2eDn1Pl">2,164</span> to reflect the lease payments made during the period, resulting in a total amount of $<span id="xdx_903_eus-gaap--FinanceLeaseLiabilityCurrent_iI_pn3n3_c20221231_zqZUJ1MuKby9">28,033</span>. The amount of the right-of-use-assets is amortized on a <span id="xdx_90C_eus-gaap--PropertyPlantAndEquipmentDepreciationMethods_c20220101__20221231_zUlPYoGev4h3">straight-line</span> method based on the estimated remaining economic lives of the vessels and is presented in the Company’s consolidated statements of comprehensive income (loss) under depreciation and amortization. The Company’s right-of-use-assets were amortized by $<span id="xdx_904_eus-gaap--FinanceLeaseRightOfUseAssetAmortization_pn3n3_c20220101__20221231_zbw12Nk7U5q2">1,116</span>, resulting in a total amount of $<span id="xdx_90E_eus-gaap--FinanceLeaseRightOfUseAsset_iI_pn3n3_c20221231_z7gg8gogqDj3">41,851</span>. The weighted average remaining lease term for each of the two suezmaxes, Eurochampion 2004 and Euronike was <span id="xdx_90E_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--Eurochampion2004AndEuronikeMember_zveXUJ8S9eI2">0.05</span> years, as at December 31, 2022. During February 2023, the Company exercised one of the purchase options and repurchased both vessels at a purchase price of $<span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--Eurochampion2004Member_zNy8FWzRTGKa"><span id="xdx_904_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20220101__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EuronikeMember_zcYWwQq59pXg">13,750</span></span> each, net of the seller’s credit amount of $<span id="xdx_904_ecustom--LeaseIncentiveReceivableNoncurrent1_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--Eurochampion2004Member_z9xjZALpwtZb"><span id="xdx_90D_ecustom--LeaseIncentiveReceivableNoncurrent1_iI_pn3n3_c20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EuronikeMember_zv7ualPirtRg">6,500</span></span> for each vessel.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The annual lease payments as at December 31, 2022 are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p id="xdx_89A_ecustom--ScheduleOfFutureMinimumRentalPaymentsForFinanceLeasesTable1TextBlock_zmhVAeZjzeel" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_8BC_z9rqw4o8eZef" style="display: none">Finance Leases (Table)</span></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: Black 0.5pt solid; white-space: nowrap; width: 88%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year</b></span></td> <td style="width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 0.5pt solid; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_495_20221231_zrr4aymAxrYe" style="border-bottom: Black 0.5pt solid; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Lease Commitment</b></span></td></tr> <tr id="xdx_40B_ecustom--LesseeFinanceLeaseLiabilityPaymentsDueNextTwelveMonths_iI_pn3n3_maFLLz1Fg_zQLgAKpOfiN8" style="background-color: #CCEEFF"> <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2023 </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td> <td style="white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">28,093</span></td></tr> <tr id="xdx_40D_ecustom--LesseeFinanceLeaseLiabilityPaymentsDue_iI_pn3n3_zVHRBJc5nMo4" style="background-color: white"> <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Minimum net lease payments </b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2pt double"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>$</b></span></td> <td style="border-bottom: Black 2pt double; white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>28,093</b></span></td></tr> <tr id="xdx_400_ecustom--LesseeFinanceLeaseLiabilityAndFinancialLiabilityUndiscountedExcessAmount_iI_pn3n3_maFLLz1Fg_zJx7bxx09yhg" style="background-color: #CCEEFF"> <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less: Discounting effect</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 0.5pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: bottom; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(60)</span></td></tr> <tr id="xdx_404_ecustom--FinancialLeaseLiability_iTI_pn3n3_mtFLLz1Fg_zXnA4QDf4w03" style="vertical-align: bottom; background-color: white"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total Obligations under finance leases</b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2pt double"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>$</b></span></td> <td style="border-bottom: Black 2pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>28,033</b></span></td></tr> </table> <p id="xdx_8AB_zmiZgZhpLpI3" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Discounting effect represents estimated interest payments using incremental borrowing rate of <span id="xdx_908_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pip0_uPure_c20221231_zwtvGb29e02l">3.9%</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The Company has subleased both vessels, the amount of $<span id="xdx_903_eus-gaap--SubleaseIncome_pn3n3_c20220101__20221020__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--Eurochampion2004AndEuronikeMember_zQpec2z0MOHh">17,916</span> and $<span id="xdx_900_eus-gaap--SubleaseIncome_pn3n3_c20221021__20221231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--Eurochampion2004AndEuronikeMember_zaTIZohiyMJh">4,407</span> was recognized as sublease revenue, net of voyage expenses for the operating lease period (January 1, 2022 until October 20,2022) and the finance lease period, respectively (October 20,2022 until December 31, 2022).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
58706000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
21737000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
36969000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
88573000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
29749000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
58824000 usd
CY2022Q4 tnp Lessee Operating Lease Liability And Financial Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityAndFinancialLiabilityPaymentsDueNextTwelveMonths
25922000 usd
CY2022Q4 tnp Lessee Operating Lease Liability And Financial Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityAndFinancialLiabilityPaymentsDueYearTwo
25958000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
29968000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
42968000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2164000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
28033000 usd
CY2022 us-gaap Property Plant And Equipment Depreciation Methods
PropertyPlantAndEquipmentDepreciationMethods
straight-line
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1116000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
41851000 usd
CY2022Q4 tnp Lessee Finance Lease Liability Payments Due Next Twelve Months
LesseeFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
28093000 usd
CY2022Q4 tnp Lessee Finance Lease Liability Payments Due
LesseeFinanceLeaseLiabilityPaymentsDue
28093000 usd
CY2022Q4 tnp Lessee Finance Lease Liability And Financial Liability Undiscounted Excess Amount
LesseeFinanceLeaseLiabilityAndFinancialLiabilityUndiscountedExcessAmount
-60000 usd
CY2022Q4 tnp Financial Lease Liability
FinancialLeaseLiability
28033000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039 pure
CY2021 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
0 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
34816000 usd
CY2021Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
27344000 usd
CY2022Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
1417341000 usd
CY2021Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
1380648000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7354000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7461000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1409987000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1373187000 usd
CY2022Q4 tnp Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
-194353000 usd
CY2021Q4 tnp Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
-175062000 usd
CY2022Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
2272000 usd
CY2021Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
2126000 usd
CY2022Q4 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
1217906000 usd
CY2021Q4 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
1200251000 usd
CY2022Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0391 pure
CY2021Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0202 pure
CY2020Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0288 pure
CY2021Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
1380648000 usd
CY2022 us-gaap Debt Instrument Increase Decrease For Period Net
DebtInstrumentIncreaseDecreaseForPeriodNet
523867000 usd
CY2022 tnp Debt Instrument Prepayment Amount
DebtInstrumentPrepaymentAmount
340943000 usd
CY2022 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
146231000 usd
CY2022Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
1417341000 usd
CY2022Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
1417341000 usd
CY2022 us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
The Company fulfilled its requirements in respect of the financial covenants of all of its loan agreements, as at December 31, 2022
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
159602000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
248156000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
284931000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
207037000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
337139000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
180476000 usd
CY2022Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
1417341000 usd
CY2020 tnp Bank Charges
BankCharges
277000 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
350000 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
603000 usd
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2435000 usd
CY2022 tnp Amortizationofdeferredhedgegains1
Amortizationofdeferredhedgegains1
618000 usd
CY2021 tnp Amortizationofdeferredhedgegains1
Amortizationofdeferredhedgegains1
-0 usd
CY2020 tnp Amortizationofdeferredhedgegains1
Amortizationofdeferredhedgegains1
-0 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
9328000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
9328000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
9328000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
9328000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
9328000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
123601000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
170241000 usd
CY2022 us-gaap Interest Costs Incurred
InterestCostsIncurred
56673000 usd
CY2021 us-gaap Interest Costs Incurred
InterestCostsIncurred
39131000 usd
CY2020 us-gaap Interest Costs Incurred
InterestCostsIncurred
50611000 usd
CY2022 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1219000 usd
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
718000 usd
CY2020 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
996000 usd
CY2022 us-gaap Interest Expense
InterestExpense
55454000 usd
CY2021 us-gaap Interest Expense
InterestExpense
38413000 usd
CY2020 us-gaap Interest Expense
InterestExpense
49615000 usd
CY2022 tnp Derivative Cash Received On Hedge1
DerivativeCashReceivedOnHedge1
-9912000 usd
CY2021 tnp Derivative Cash Received On Hedge1
DerivativeCashReceivedOnHedge1
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CY2020 tnp Derivative Cash Received On Hedge1
DerivativeCashReceivedOnHedge1
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CY2022 tnp Bunker Put Option Premium
BunkerPutOptionPremium
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CY2021 tnp Bunker Put Option Premium
BunkerPutOptionPremium
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CY2020 tnp Bunker Put Option Premium
BunkerPutOptionPremium
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CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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CY2022 tnp Bank Charges
BankCharges
410000 usd
CY2021 tnp Bank Charges
BankCharges
164000 usd
CY2022 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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CY2020 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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CY2022 us-gaap Interest And Debt Expense
InterestAndDebtExpense
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CY2021 us-gaap Interest And Debt Expense
InterestAndDebtExpense
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CY2020 us-gaap Interest And Debt Expense
InterestAndDebtExpense
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CY2022 tnp Amortizationofdeferredhedgegains1
Amortizationofdeferredhedgegains1
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CY2022 tnp Bunkers Swap Cash Settlements Non Hedging
BunkersSwapCashSettlementsNonHedging
-9912000 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
350000 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
603000 usd
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2435000 usd
CY2021 tnp Loss From Sale Of Treasury Stock
LossFromSaleOfTreasuryStock
273000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
7665000 usd
CY2022 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
24840000 usd
CY2021 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
19819000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-17175000 usd
CY2020 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-18641000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
204234000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-151401000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
24002000 usd
CY2022 tnp Preferred Stock Series C Dividends Income Statement Impact
PreferredStockSeriesCDividendsIncomeStatementImpact
0 usd
CY2021 tnp Preferred Stock Series C Dividends Income Statement Impact
PreferredStockSeriesCDividendsIncomeStatementImpact
0 usd
CY2020 tnp Preferred Stock Series C Dividends Income Statement Impact
PreferredStockSeriesCDividendsIncomeStatementImpact
-3328000 usd
CY2022 tnp Preferred Stock Series D Dividends Income Statement Impact
PreferredStockSeriesDDividendsIncomeStatementImpact
-7694000 usd
CY2021 tnp Preferred Stock Series D Dividends Income Statement Impact
PreferredStockSeriesDDividendsIncomeStatementImpact
-7596000 usd
CY2020 tnp Preferred Stock Series D Dividends Income Statement Impact
PreferredStockSeriesDDividendsIncomeStatementImpact
-7492000 usd
CY2022 tnp Preferred Stock Series E Dividends Income Statement Impact
PreferredStockSeriesEDividendsIncomeStatementImpact
-10975000 usd
CY2021 tnp Preferred Stock Series E Dividends Income Statement Impact
PreferredStockSeriesEDividendsIncomeStatementImpact
-10822000 usd
CY2020 tnp Preferred Stock Series E Dividends Income Statement Impact
PreferredStockSeriesEDividendsIncomeStatementImpact
-10637000 usd
CY2022 tnp Preferred Stock Series F Dividends Income Statement Impact
PreferredStockSeriesFDividendsIncomeStatementImpact
-16024000 usd
CY2021 tnp Preferred Stock Series F Dividends Income Statement Impact
PreferredStockSeriesFDividendsIncomeStatementImpact
-15131000 usd
CY2020 tnp Preferred Stock Series F Dividends Income Statement Impact
PreferredStockSeriesFDividendsIncomeStatementImpact
-14250000 usd
CY2022 tnp Preferred Stock Series G Dividends Income Statement Impact
PreferredStockSeriesGDividendsIncomeStatementImpact
-31000 usd
CY2021 tnp Preferred Stock Series G Dividends Income Statement Impact
PreferredStockSeriesGDividendsIncomeStatementImpact
-54000 usd
CY2020 tnp Preferred Stock Series G Dividends Income Statement Impact
PreferredStockSeriesGDividendsIncomeStatementImpact
-872000 usd
CY2022 tnp Undistributed Income Attributable Preferred Shares
UndistributedIncomeAttributablePreferredShares
-1250000 usd
CY2021 tnp Undistributed Income Attributable Preferred Shares
UndistributedIncomeAttributablePreferredShares
0 usd
CY2020 tnp Undistributed Income Attributable Preferred Shares
UndistributedIncomeAttributablePreferredShares
0 usd
CY2022 tnp Redeemable Series G Preferred Stock Dividends
RedeemableSeriesGPreferredStockDividends
-0 usd
CY2021 tnp Redeemable Series G Preferred Stock Dividends
RedeemableSeriesGPreferredStockDividends
2171000 usd
CY2020 tnp Redeemable Series G Preferred Stock Dividends
RedeemableSeriesGPreferredStockDividends
-0 usd
CY2022 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
-0 usd
CY2021 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
-0 usd
CY2020 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
2493000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
168260000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-187175000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15070000 usd
CY2022 tnp Preferred Stock Convertible Series G Dividends Income Statement Impact1
PreferredStockConvertibleSeriesGDividendsIncomeStatementImpact1
31000 usd
CY2021 tnp Preferred Stock Convertible Series G Dividends Income Statement Impact1
PreferredStockConvertibleSeriesGDividendsIncomeStatementImpact1
0 usd
CY2020 tnp Preferred Stock Convertible Series G Dividends Income Statement Impact1
PreferredStockConvertibleSeriesGDividendsIncomeStatementImpact1
0 usd
CY2022 tnp Redeemable Preferred Stock Dividends1
RedeemablePreferredStockDividends1
1250000 usd
CY2021 tnp Redeemable Preferred Stock Dividends1
RedeemablePreferredStockDividends1
0 usd
CY2020 tnp Redeemable Preferred Stock Dividends1
RedeemablePreferredStockDividends1
0 usd
CY2022 tnp Net Income Loss Allocated To Preferred Limited I Partners
NetIncomeLossAllocatedToPreferredLimitedIPartners
-169541000 usd
CY2021 tnp Net Income Loss Allocated To Preferred Limited I Partners
NetIncomeLossAllocatedToPreferredLimitedIPartners
187175000 usd
CY2020 tnp Net Income Loss Allocated To Preferred Limited I Partners
NetIncomeLossAllocatedToPreferredLimitedIPartners
15070000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27970799 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19650307 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18768599 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
217265 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28188064 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19650307 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18768599 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.02
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-9.53
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.80
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.01
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-9.53
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.80
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
217265 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
306190 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1743607 shares
us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
4163000 usd
CY2022Q4 us-gaap Purchase Obligation
PurchaseObligation
598341000 usd
CY2022Q4 tnp Operating Leases Future Minimum Payments Receivable Current1
OperatingLeasesFutureMinimumPaymentsReceivableCurrent1
328203000 usd
CY2022Q4 tnp Operating Leases Future Minimum Payments Receivable In Two Years1
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears1
232339000 usd
CY2022Q4 tnp Operating Leases Future Minimum Payments Receivable In Three Years1
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears1
148759000 usd
CY2022Q4 tnp Operating Leases Future Minimum Payments Receivable In Four Years1
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears1
118471000 usd
CY2022Q4 tnp Operating Leases Future Minimum Payments Receivable In Five Years1
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears1
97485000 usd
CY2022Q4 tnp Operating Leases Future Minimum Payments Receivable After Five Years
OperatingLeasesFutureMinimumPaymentsReceivableAfterFiveYears
72195000 usd
CY2022Q4 tnp Operating Leases Future Minimum Payments Receivable1
OperatingLeasesFutureMinimumPaymentsReceivable1
997452000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
304367000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
304367000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117192000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
117192000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5072000 usd
CY2022Q4 tnp Restricted Cash And Cash Equivalents Fair Value Disclosure
RestrictedCashAndCashEquivalentsFairValueDisclosure
5072000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
10005000 usd
CY2021Q4 tnp Restricted Cash And Cash Equivalents Fair Value Disclosure
RestrictedCashAndCashEquivalentsFairValueDisclosure
10005000 usd
CY2022Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
4270000 usd
CY2022Q4 tnp Margin Deposit Assets Fair Value Disclosure
MarginDepositAssetsFairValueDisclosure
4270000 usd
CY2021Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
5849000 usd
CY2021Q4 tnp Margin Deposit Assets Fair Value Disclosure
MarginDepositAssetsFairValueDisclosure
5849000 usd
CY2022Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
23307000 usd
CY2022Q4 us-gaap Receivables Fair Value Disclosure
ReceivablesFairValueDisclosure
23307000 usd
CY2021Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
35904000 usd
CY2021Q4 us-gaap Receivables Fair Value Disclosure
ReceivablesFairValueDisclosure
35904000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1587582000 usd
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1587582000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1380648000 usd
CY2021Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1380648000 usd
CY2022Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
4270000 usd
CY2021Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
5849000 usd
CY2022Q4 tnp Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax1
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax1
7665000 usd
CY2021Q4 tnp Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax1
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax1
-17175000 usd
CY2020Q4 tnp Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax1
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax1
-36994000 usd
CY2022 tnp Derivative Instruments Not Designated As Hedging Instruments Gain Loss Recognized In Income
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossRecognizedInIncome
9395000 usd
CY2021 tnp Derivative Instruments Not Designated As Hedging Instruments Gain Loss Recognized In Income
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossRecognizedInIncome
11019000 usd
CY2020 tnp Derivative Instruments Not Designated As Hedging Instruments Gain Loss Recognized In Income
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossRecognizedInIncome
-14470000 usd
CY2022Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
188000 usd
CY2021Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-16151000 usd
CY2022Q4 tnp Bunker Swap Derivatives At Fair Value Net
BunkerSwapDerivativesAtFairValueNet
0 usd
CY2021Q4 tnp Bunker Swap Derivatives At Fair Value Net
BunkerSwapDerivativesAtFairValueNet
1989000 usd
CY2022Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
188000 usd
CY2021Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
-14162000 usd

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