6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September, 2014

Commission File Number 001-31236

TSAKOS ENERGY NAVIGATION LIMITED

(Translation of registrant’s name into English)

367 Syngrou Avenue, 175 64 P. Faliro, Athens, Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x            Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

TSAKOS ENERGY NAVIGATION LIMITED

FORM 6-K

This report on Form 6-K is hereby incorporated by reference into the following Registration Statements of the Company:

• Registration Statement on Form F-3 (No. 333-196839) initially filed with the SEC on June 17, 2014, as amended;

• Registration Statement on Form F-3 (No. 333-184042) initially filed with the SEC on September 21, 2012, as amended;

• Registration Statement on Form F-3 (No. 333-159218) initially filed with the SEC on May 13, 2009;

• Registration Statement on Form F-3 (No. 333-111615) filed with the SEC on December 30, 2003;

• Registration Statement on Form S-8 (No. 333-183007) initially filed with the SEC on August 2, 2012, as amended;

• Registration Statement on Form S-8 (No. 333-134306) initially filed with the SEC on May 19, 2006, as amended;

• Registration Statement on Form S-8 (No. 333-134306) filed with the SEC on May 19, 2006;

• Registration Statement on Form S-8 (No. 333-104062) filed with the SEC on March 27, 2003; and

• Registration Statement on Form S-8 (No. 333-102860) filed with the SEC on January 31, 2003.

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EXHIBIT INDEX

99.1 Capitalization Table (Unaudited), June 30, 2014

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: September 23, 2014

TSAKOS ENERGY NAVIGATION LIMITED
By:	/s/ Paul Durham
	Paul Durham
	Chief Financial Officer

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EX-99.1

Exhibit 99.1

CAPITALIZATION

The following table sets forth our (i) cash and cash equivalents, (ii) restricted cash, and (iii) consolidated capitalization as of June 30, 2014 on:

• an actual basis; and

• an as adjusted basis giving effect to (i) scheduled debt repayments of $20.8 million, (ii) the drawdown of $39.0 million for the financing of the newly delivered suezmax Euro and the drawdown of $46.3 million for the predelivery financing of nine aframaxes under construction, (iii) the payment of $59.5 million for the acquisition of the suezmax Euro and $46.3 million as yard installments for the construction of the nine aframaxes referred to above, (iv) the payment of a $2.1 million dividend on preferred shares, (v) the payment of a $4.2 million dividend on common shares, and (vi) the issuance and vesting of 20,000 Restricted Share Units (RSU’s).

Other than these adjustments, there has been no material change in our capitalization from debt or equity issuances, re-capitalization or special dividends from June 30, 2014 through the date of this filing.

This table should be read in conjunction with our consolidated financial statements for the three and six months ended June 30, 2014, and, “Results of operations-management’s discussion & analysis” filed on Form 6-K on September 16, 2014, and “Item 5. Operating and Financial Review and Prospects”, included in our Annual Report on Form 20-F for the year ended December 31, 2013.

	As of June 30, 2014
In thousands of U.S. Dollars	Actual			Adjusted
Cash
Cash and cash equivalents	$	229,727		$	182,072
Restricted cash		8,148			8,148
Total cash	$	237,875		$	190,220
Capitalization
Debt:
Long-term secured debt obligations (including current portion)	$	1,362,460		$	1,426,948
Stockholders equity:
Preferred shares, $1.00 par value; 15,000,000 shares authorized and 2,000,000 Series B Preferred Shares and 2,000,000 Series C Preferred Shares issued and outstanding on an actual and on an as adjusted basis		4,000			4,000
Common shares, $1.00 par value; 185,000,000 shares authorized and 84,692,295 shares issued and outstanding on an actual basis; 84,712,295 shares issued and outstanding on an as adjusted basis		84,692			84,712
Additional paid-in capital		651,012			651,134
Accumulated other comprehensive loss		(9,297	)		(9,297	)
Retained earnings		432,342			430,090
Non-controlling interest		11,179			11,179
Total stockholders’ equity		1,173,928			1,171,818
Total capitalization	$	2,536,388		$	2,598,766