Mortgage Notes (the "Ship Mortgage Notes") next month followed by $155 million in 11.25% Senior Secured Notes in August (the "Senior Secured Notes"). She is the Chairman, Chief Executive Officer and Director of Navios Maritime Holdings., of Navios Maritime Partners L.P., of Navios Tankers Management Inc. and Navios Maritime Acquisition Corporation. Please turn to Slide 5. Ms. Frangou is also a Member of the Foundation for Economic and Industrial Research. Thank you, Angeliki, and good morning. In conclusion, positive demand fundamentals, mainly due to the start of economic activity around the world, along with reduced fleet availability, should continue to support both the dry bulk and containerized shipping industries in their continuing effort to mitigate through raising pandemic stall. We do not see this easing anytime soon, but we are watching it carefully, Angeliki Frangou concluded. Turning to Slide 19. From November 1st DN Media Group is responsible for controlling your data on TradeWinds. We expect to be able to provide more predictable returns to our unitholders despite uneven sector performance. The displacement of established suppliers not only increases price, but increases ton miles as countries and people are forced to source their needs from places further away. Europe's imports are expected to grow at 15% on and Asia, excluding China, is expected to import 9% more iron ore in '21 than in 2020. Next, Mr. Desypris, will give an overview of Navios Partner's financial results. We have been taking advantage of robust market. The 2020 decrease is mainly attributable to Indian and Chinese imports declining by 13.8%, respectively. One of the lowest on record. About a third of our fleet operate in each of the drybulk, containerships and tanker segment. But just trying to understand, basically the lack of visibility has been sort of discouraged, sort of incremental ordering or sort of any commitments under customers' part. As shown on Slide 5, 2021 has been a transformational year as we expanded in new segments. Yes, we have put out some details also in our press release today. Food security issues driven by the pandemic as well as increasing broadening demand worldwide. This would lead to a pickup in scrapping in 2022 and high scrapping prices combined with IMO 2023 CO2 reduction rules may induce a portion of the overage fleet to scrap. Please turn to Slide 18. On October 15, 2021 we completed a transformative merger with Navios Acquisition. Frangou has been the Chairwoman of the Board of Directors of Navios South American Logistics Inc. since its inception in December 2007. Additionally, we are positioning our dry bulk fleet for what we hope will be a strong balance of 2021. Adjusted net income for the quarter amounted to $12.8 million. This concludes my presentation. Adjusted EBITDA for 2020 amounted to approximately $100 million compared to $120 million 2019. Slide 9 details our operating cash flow potential for 2021, 66% of our available base as fixed -- at an average rate of $18,612 net per day. I mean, you have much larger asset base. Sure. First COVID stimulus measures have caused a sharp recovery of demand for goods in Western OECD economies as noted on the two lower charts. During the quarter ended September 30, 2021 we had 9,027 available days compared to 4,499 days for Q3, 2020. We have a contracted revenue pipeline of about $2.2 billion and about 58% of our 2022 available days are currently exposed to the market. Then, Mr. Achniotis will provide an operational update and the industry overview. The BDI average for Q3 was 3,732, the highest quarterly average since 2008. Angeliki? We are going to acquire 3 Janpanese fleet mid-sized vessels contracted under 15 gigabits of instruction. Forward-looking statements are statements that are not historical facts. For drybulk, we increased capacity by 36% and reduced average age by 18%. We also agreed to sell for vessels having an average age of 13 years for a total sales price of $42.8 million. But the reality is just to go back to your question is, is the following thing, I mean, the capacity of the ship - the shipyard capacities has been full, and also we see that materials maybe going up. We aspire to have zero emissions by 2050. Yes, thank you. Slide 10, details our strong operating free cash flow potential. Such risks are fully discussed and are described in filings with the Securities and Exchange Commission. In this limited sphere we are optimistic. And you don't see the 3-year market developing. The benefits of diversification are reflected in recent market activity. CNN International's Leading Women with Becky Anderson airs every Tuesday on News Stream at 9:00 pm HKT/ 1:00 pm GMT / 8:00 am ET and Connect the World with Becky Anderson at 5:00 am HKT / 9:00 pm GMT / 4:00 pm ET. Our net debt to capitalization is 43.5%, and our debt maturities are targeted through 2030. You need to wait and see that market develop. The container segment began strengthening in the third quarter of 2020, while the dry bulk market become turning in 2021. But overall, today the biggest thing that we have to see is that we have created operationally a unique platform. This increase reflects surging trades, driven by strong demand for both major and minor bulk commodities. The pandemic changed everything. In Slide 14, you can see the latest update on our fleet. You can read more about how we handle your information in our privacy policy. We have finalized an additional $58 million loan, which will be used to finance the acquisition of 2 vessels and refinance an existing facility. This is unique. Please turn to Slide 21 focusing on the container industry. But purely the volatility that we show create, you know, people are still waiting to make an assessment on period. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. However, [indiscernible] quarters along with global oil demand returning to 2019 levels have brought OECD inventories below their 5-year average. For the fourth quarter, Navios Partners reported revenue of $69.2 million and adjusted EBITDA of $35.5 million. And I think on a - it seems to be that Q3 was the low part of the tanker segment, and we are seeing the market slowly recovering. Thank you, George. So, starting off with the merger, your fleet is clearly massive, it's diverse. convertible debentures (the "Convertible Debentures"). Our merger with Navios Maritime Containers was approved and is expected to close on March 31, 2021. Frangos claims his sister owes his company, First Lines, $1.18m, TradeWinds is part of DN Media Group. That makes sense. In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for PricewaterhouseCoopers before becoming a daytrader almost 20 years ago. In the long run, she adder, Navios people believe that their re-imagined business will provide reasonably stable returns as the financial results of stronger sectors offset the financial results of sectors performing less well. And that one other thing we have done is we have about $1.5 billion in, I mean, Eri will give the exact numbers, but $1.5 billion on debt. A Leading Women with Becky Anderson round-up show featuring Angeliki Frangou will air on Wednesday, February 27 at 11:30am CET / 10:30 am GMT / 6:30 pm HKT and 6:30 pm CET / 5:30 pm GMT / 1:30 am Thurs HKT, and at various dates and times in March. Vessels over 20 years of age are 11.3% of the total fleet, which compares favorably with a low orderbook. Navios corporate chairwoman Angeliki Frangou and other executives combined a tender offer last month for the outstanding American depository shares at a fraction of the unpaid dividends' value . Just trying to understand, if that's actually sort of impacting your operations outside of just sort of the rate impact. The information set forth herein should be understood in light of such risks. At this point, I would like to turn the call over to Mr. Stratos Desypris, our Chief Operating Officer, that will take you through the segment data. Bank accounts of leading Greek shipowner Angeliki Frangou have been frozen by Greek judicial authorities investigating lending by Marfin Bank, which is now under the control of Piraeus Bank,. We have question from the line of Randall Giveans of Jefferies. In this process, we have been pioneering and are adopting certain environmental regulations up to 2 years in advance. Angeliki Frangou has been Navios Logistics' Chairwoman and a Member of the Board of Directors since its inception in December 2007. Debt-laden dry bulk shipper is bailed out by CEO and Chairwoman Angeliki Frangou. The transaction based scale through a larger diversified asset base with an increased earning capacity. For the nine months of 2021 NMM generated $445 million, $269.8 million in adjusted EBITDA and $398.6 million in net income. This will be the highest digital rate in the past 50 years. Its impossible to know what this all means, she underlined, adding that there are too many potential consequences to digest and analyze. Celebs Wiki Angeliki Frangou fans also viewed: Daniel David So this is something that we are focusing very much. I would also like to highlight that 2021 results not comparable to 2020 as in 2021 NMM acquired two companies and is expected to increase its available days by 85% in 2021 and by 171% in 2022 compared to 2020. Diversification takes advantage of global trade patterns and Slide 8 illustrate this. More recently the freight market has corrected on the back of Chinese winter steel production limits and power shortages due to unavailability of gas and coal. Navios Partners controls 142 vessels with balanced exposure to the drybulk, containership and tanker segments. So, how much is Angeliki Frangou worth at the age of 56 years old? For example, global GDP in 2019 equals $88 trillion, almost 30x the global GDP of $2 trillion in 1970. All vessels are expected to be delivered in the second half of 2022. Our merger with Navios Containers increased our containerships by 29 vessels. Cash and cash equivalents were $141 million. Excluding these items, total adjusted EBITDA for Q3 amounted to $145 million compared to $31 million for the same period last year. Is this happening to you frequently? At this time, I'm showing no further questions. We use cookies in a variety of ways to improve your experience, such as keeping NHST websites reliable and secure, personalising content and ads and to analyse how our sites are being used. In addition, Russia and Ukraine account for about one third of the global wheat supply and 186.7 million tons of seaborne coal. Net debt to book capitalization was 40% at the end of the year. But could there be any sort of headwind getting, any sort of incremental business done or extending - for or extending any particular charges to vessels. To read more about DN Media Group, And some are shown on the chart on the bottom of the slide, we have increased available days by 171% to 47,268 available days. To access the webcast please go to the Investors section of Navios Maritime Partners website at www.navios-mlp.com. The realities we see our service as a growth platform that we're in the right part of the cycle, meaning we see great upside potential with our fleet. What does the liquidity look like across the one year to three year time-frame? Angeliki Frangou, chief executive of Navios Maritime Holdings, is being sued in New York federal court, alleging she tried to force out preferred shareholders to enrich herself. Navios has deescalating [indiscernible] options on the vessels starting in year 4 before the charter generation. The merger is a week away now, right, so congrats on that. If you have an ad-blocker enabled you may be blocked from proceeding. So we went to work, Chairwoman and Director of Navios Maritime Holding Angeliki Frangou stated speaking at the private dinner she hosted during the Posidonia 2022. And you need to be always running the different scenarios. Turning to Slide 25, VLCC net fleet growth is projected at 3.6% for 2021 and only 1.6% for '22. In Slide 11, you can see the strength and stability of our balance sheet. Year-to-date in 2021 our fleet increased by 163% in terms of number of vessels to 88 net vessel additions. The lender has the option to convert any portion of the outstanding balance under the Convertible Debentures into shares of common stock of Navios Holdings at a conversion price of $3.93 at any time. The increase was mitigated by 20.9% decrease in the Time Charter Equivalent rate achieved in 2020. We have 89.4% of our available container base fixed to capitalize on market strength with 53.5% of our available dry bulk vessel base exposed to market rate for 2021. I'll turn the call back over to Angeliki for any closing remarks. In concluding our drybulk sector review, demand is forecast to outpace net fleet growth in both 2021 and '22, a strong demand for natural resources combined with continuing COVID-related logistical disruptions and a slowing pace of new building deliveries, all support healthy levels of current and future freight rates. Forward-looking statements are statements that are not historical facts. Everything works well, as long as the logistics chain is unchallenged. Navios is a socially conscious group with core values include diversity, inclusion, and safety. The approved merger with Navios Container is expected to close on March 31. However, we do not take that for granted. It doesn't indicate, now on actual investment, we just completed a $1 billion investment, 45 vessels in the tanker segment. 2021 2023 Navios South American Logistics Inc. All rights reserved. Navios Maritime Partners L.P. (NYSE:NYSE:NMM) Q4 2020 Earnings Conference Call March 24, 2021 08:30 AM ET Company Participants Angeliki Frangou - Chairman & CEO Stratios Desypris - CFO. When it comes to philanthropy, Greeks invented the word, but by Chris Salboudis On Saturday December 3, 2022, after a Navios Angeliki Frangou: The Pandemic Galvanized Us! Time charter revenue for the year increased to $226.8 million compared to $219.4 million in 2019. And lastly, we'll open the call to take questions. Overall our diversified platform should provide flexibility, allowing us to capitalize across segment opportunities. Purely from a point of the market, I'll say that today, you may have some more opportunities to pick up attractive dry bulk vessels because you still have some recovery. Navios Maritime Partners L.P. (NYSE:NMM) Q4 2020 Earnings Conference Call March 24, 2021 8:30 AM ET, Georgios Achniotis - EVP of Business Development. So this is an ongoing process that will be going over and over again depending on - and you have seen us doing that even in the top every market, in the bottom and the top, it is a continuous process that we'll do replacement.