London: Panagiotis Tsakos, founder of the Tsakos Group, has been named the Connecticut Maritime Association’s (CMA) Commodore of the Year 2015.
Last year’s winner Robert Bugbee, president and director of Scorpio Tankers and Scorpio Bulkers, presented Tsakos with the award tonight at a gala dinner in Stamford, Connecticut, after the annual CMA conference.
The Commodore Award is presented every year to a person in the international maritime industry who has contributed to the growth and development of the business.
“Captain Tsakos represents the finest qualities of service, creativity and commitment to our industry and the seafarers and women and men who safely manage ships and trade the world over,” said Ian Workman, president of the CMA.
Tsakos was born in Kardamyla on the Greek island of Chios to parents who were descended from seafaring families.
He graduated from Livanos Marine Academy on Chios and in his career advanced from master to executive to shipowner.
Tsakos founded Tsakos Shipping & Trading with a single ship in 1970, backed by a small group of investors comprising his family and friends. Today, Tsakos Shipping & Trading controls a diverse fleet of approximately 70 vessels.
His son Nikolas Tsakos has been chief executive of the NYSE-listed tanker company Tsakos Energy Navigation (TEN), part of the Tsakos Group, since it was founded over 20 years ago.
Nikolas is also the current chairman of the International Association of Independent Tanker Owners (INTERTANKO)
TEN’s fleet comprises 49 tankers for both oil and products and one 324,000-cbm LNG carrier. A further nine aframax vessels are under construction plus a 174,000-cbm LNG carrier.
In 2010, Tsakos Columbia Shipmanagement was established by the Tsakos Group and Schoeller Holdings. The company manages a fleet of 65 vessels and is also involved in ship repair and offshore services.