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,
	2016			2015			2014			2013			2012
Earnings
Income (loss) from continued operations (before noncontrolling interest)		56,495			158,423			33,718			(38,570	)		(49,056	)
Add:
Fixed charges		43,192			33,333			34,788			43,719			52,819
Amortization of capitalized interest		1,422			1,422			1,379			1,357			1,336
		101,109			193,178			69,885			6,506			5,099
Less:
Interest capitalized		(4,015	)		(3,430	)		(2,384	)		(1,945	)		(1,758	)
		97,094			189,748			67,501			4,561			3,341
Fixed Charges
Interest expensed		37,436			28,635			31,159			40,673			50,115
Interest capitalized		4,015			3,430			2,384			1,945			1,758
Amortization of loan expenses		1,742			1,268			1,245			1,101			946
		43,192			33,333			34,788			43,719			52,819
Preference dividends		15,875			13,437			8,438			3,676			0
Fixed Charges and Preference dividends		59,067			46,770			43,226			47,395			52,819
Ratio of Earnings to Fixed Charges		1.6x			4.1x			1.6x			n/a			n/a
Dollar amount of the coverage deficiency		n/a			n/a			n/a			42,834			49,478