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,
	2015			2014			2013			2012			2011
Earnings
Income (loss) from continued operations (before noncontrolling interest)		158,423			33,718			(38,570	)		(49,056	)		(88,950	)
Add:
Fixed charges		33,333			34,788			43,719			52,819			54,735
Amortization of capitalized interest		1,422			1,379			1,357			1,336			1,399
		193,178			69,885			6,506			5,099			(32,816	)
Less:
Interest capitalized		(3,430	)		(2,384	)		(1,945	)		(1,758	)		(2,532	)
		189,748			67,501			4,561			3,341			(35,348	)
Fixed Charges
Interest expensed		28,635			31,159			40,673			50,115			51,208
Interest capitalized		3,430			2,384			1,945			1,758			2,532
Amortization of loan expenses		1,268			1,245			1,101			946			995
		33,333			34,788			43,719			52,819			54,735
Preference dividends		13,437			8,438			3,676			0			0
Fixed Charges and Preference dividends		46,770			43,226			47,395			52,819			54,735
Ratio of Earnings to Fixed Charges		4.1x			1.6x			n/a			n/a			n/a
Dollar amount of the coverage deficiency		n/a			n/a			42,834			49,478			90,083