Exhibit 7

Statement regarding computation of ratio of earnings to fixed charges

Tsakos Energy Navigation Limited

Computation of Ratio of Earnings to Fixed Charges

(Expressed in thousands of United States Dollars, except ratios)

	Years Ended December 31,
	2014			2013			2012			2011			2010
Earnings
Income (loss) from continued operations (before noncontrolling interest)		33,718			(38,570	)		(49,056	)		(88,950	)		21,035
Add:
Fixed charges		34,788			43,719			52,819			54,735			56,328
Amortization of capitalized interest		1,379			1,357			1,336			1,399			1,591
		69,885			6,506			5,099			(32,816	)		78,954
Less:
Interest capitalized		(2,384	)		(1,945	)		(1,758	)		(2,532	)		(2,520	)
		67,501			4,561			3,341			(35,348	)		76,434
Fixed Charges
Interest expensed		31,159			40,673			50,115			51,208			52,644
Interest capitalized		2,384			1,945			1,758			2,532			2,520
Amortization of capitalized expenses relating to indebtedness		1,245			1,101			946			995			1,138
Interest portion of rental expense		0			0			0			0			26
		34,788			43,719			52,819			54,735			56,328
Preference dividends		8,438			3,676			0			0			0
Fixed Charges and Preference dividends		43,226			47,395			52,819			54,735			56,328
Ratio of Earnings to Fixed Charges		1.6x			n/a			n/a			n/a			1.4x
Dollar amount of the coverage deficiency		n/a			42,834			49,478			90,083			n/a