Thank you, Angeliki, and good morning. 2021 drybulk trade is projected to increase by 4.5% and further increase by 2.9% in '22. So, it's not that we are basically - it's not a number, but you will need to do, you know, sell and manage the technology. Navios Maritime Partners L.P. (NMM) CEO Angeliki Frangou on Q3 2021 Such risks are fully discussed and are described in filings with the Securities and Exchange Commission. The bailout terms will likely result in Angeliki Frangou regaining full control of her shipping empire over the next 18 months with the ultimate outcome likely a merger between Navios Maritime . Let's not forget that the containership sector has been -- the container sector has recovered from second half of last year versus dry bulk as more this year that we are experiencing a much a different potential. Our fleet consists of 49 dry bulk vessels and 26 Containerships. And then separately, can you just share generally the front and center. Please turn to Slide 26, focusing on the container industry. Total adjusted net income was $130 million compared to $8.8 million for the same period last year. However, the results of Navios Acquisition included in the Q3 Navios Partners results are only for the period from August 26,; through September 30, 2021. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. I think the sales of the older ones will slowly reduce that or I guess keep it relatively young. Also - good afternoon and also congratulations on there, your first call here post-merger. This completes our Q4 results. 2021 dry bulk trade is projected to increase by 3.7%, and further increased by 2.2% in '22. over to Navios Partners' Chairman and CEO, Mr. Angeliki Frangou. Navios' Angeliki Frangou: "The Pandemic Galvanized Us"! - Neo The financial information is included in the press release and is summarized in the slide presentation available on the Company's website. Please turn to Slide 21. Debt-laden dry bulk shipper is bailed out by CEO and Chairwoman Angeliki Frangou. This completes our quarterly result for NMM. And it was somewhat opportunistic at the time, they were on a speculative basis I guess or at least orders without charters. For drybulk, we increased capacity by 36% and reduced average age by 18%. This increase reflects surging trades, driven by strong demand for both major and minor bulk commodities. The complaint, filed in New York federal court last week, charges the Greek shipping magnate and the company's directors with setting up a scheme to get around paying out accrued dividends owed to preferred shareholders, in an effort to pay dividends on common stock. I will briefly discuss on key balance sheet data as of December 31, 2020. The increase was mitigated by 20.9% decrease in the Time Charter Equivalent rate achieved in 2020. The benefits of diversification are reflected in recent market activity. For the fourth quarter, Navios Partners reported revenue of $69.2 million and adjusted EBITDA of $35.5 million. Next, Mr. Desypris, will give an overview of Navios Partner's financial results. 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. This has led to a change in trading patterns for the containerships, which has resulted in a historic turnaround in rates. 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. The container segment began strengthening in the third quarter of 2020, while the dry bulk market become turning in 2021. Then, Mr. Achniotis will provide an operational update and the industry overview. Finally, we have very strong corporate covenants at corded efforts. Angeliki Frangou steers Navios towards emerging economies During Q3, Navios Partners recorded revenue of $228 million, adjusted EBITDA of $145.2 million and net income of $162.1 million. Demand and restocking is expected to prove demand growth well above net fleet growth, supporting the recent dramatic rising rates. If you have an ad-blocker enabled you may be blocked from proceeding. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. So, how much is Angeliki Frangou worth at the age of 56 years old? But together with our contracted revenue of $2.2 billion, provides an enduring platform with significant upside potential. Angeliki? Over the last five years, around 40% of European natural gas and 27% of European oil was supplied by Russia. We have currently fixed 66% of our 29,526 available days for 2021. Thank you. The holder of the Convertible Debentures will be entitled to vote on an "as converted" basis along with the company's common shareholders. Conclusion, positive demand fundamentals, mainly due to the restart of economic activity around the world, along with reduced fleet availability to support the container shipping industry. Trial in London this week will aim to settle the siblings' complicated business arrangements. In 2021 we've completed two mergers. I would now like to turn the call over to Angeliki for her final comments. Angeliki Frangou is Chairman and Chief Executive Officer of Navios Holdings. Time charter revenue for the year increased to $226.8 million compared to $219.4 million in 2019. Angeliki Frangou is 55, she's been the Chairman of the Board and Chief Executive Officer of Navios Maritime Acquisition Corp since 2008. Angeliki Frangou (born 1965) ( Greek: ) is a Greek shipowner. Thank you, Doris, and good morning to all of you joining us on today's call. 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. Another increase in world population, food security issues driven by the pandemic as well as increasing protein demand worldwide continue to support the global grain trade. This will be the highest digital rate in the past 50 years. And then lastly, just quickly, can you provide any quarter-to-date rates for the first quarter now that we're a week away from that being concluded for the dry bulk vessels? I'll now pass the call to George Achniotis, Executive Vice President of Navios Development, to discuss the [indiscernible]. Pro forma for the merger, our company will be 1 of the 10 largest public listed dry cargo fleet. Illustration of Angeliki Frangou, founder, CEO and chairwoman of Navios Maritime Holdings Inc. Angeliki Frangou forced Navios Maritime Holdings' preferred shareholders into a "prisoner's dilemma" in an attempt to push them out and fatten her own bank account, a lawsuit alleges. Now 30,000 is a very good level. Please disable your ad-blocker and refresh. Greece and Cyprus: the success story of the Eastern Mediterranean, says Endy Zemenides, A Visit to St. Nicholas National Shrine at the WTC, Hellenic Lawyers Association Holds 32nd Annual Gala, National Hellenic Society Fundraiser in NY for the Promotion and Preservation of Greek Heritage a Great Success, Carol Burnett The First Lady of Television Comedy, 3rd Annual Athens Square Park Christmas Tree Lighting Ceremony, The Hellenic Initiatives 10th Anniversary New York Gala Raises More Than $2M, Were Back! Annunciation G.O. NAVIOS Group chief executive Angeliki Frangou has told a shipping audience in Athens that she is optimistic about future industry prospects even though shipping can be considered to be at a historic and confusing crossroads. Terms of the bail-out package will likely result in Ms. Frangou regaining full control of Navios Maritime Holdings. 12 Ultra Rich Greeks Who Should Have Bailed Out Greece Themselves Sure. I mean when we did the transaction we - when we did the transaction we're about 35%, we increased our debt to about 35%. Currently in our Containership segment, given the continued strength over the market we have been locking in long-term charters. Finally, turning to Slide 26, product tanker net fleet growth projected at 2.4% for 2021 and only 1.9% for '22. Conditions are not as favorable elsewhere. Asian coal imports, which account for over 80% of the world's imports trade, are expected to increase by 4.3% in 2021, following a decline of 6.8% in 2020. I note that we were able to sell these vessels for a book gain in this excellent market as we manage our rate profile. So the target is always to bring down the debt and that is to about 20%. Navios Maritime Holdings: Near-Term Debt Maturities Unlikely To Be An We also agreed to sell for vessels having an average age of 13 years for a total sales price of $42.8 million. There are 2 older and 5 younger executives at Navios Maritime Acquisition Corp. And I did want to also just ask about the containership charters, which I thought were, you know, you ordered thus four plus two shifts, if I recall. We did see one thing that we showed as a great opportunity on the container segment, we show that the smaller vessels and this is a widebody, the 5,500 TEU. Thank you for joining us for Navios Maritime Partners' Fourth Quarter and Full Year 2020 Earnings Conference Call. click here. Additionally, we are positioning our dry bulk fleet for what we hope will be a strong balance of 2021. Long-term borrowings including the current portion net of deferred fees amounted to $1.4 billion. With us today from the Company are Chairwoman and CEO, Ms. Angeliki Frangou; Chief Operating Officer, Mr. Stratos Desypris; Chief Financial Officer, Ms. Eri Tsironi; and Executive Vice President of Business Development, Mr. George Achniotis. Navios Maritime Partners L.P. (NYSE:NMM) Q3 2021 Earnings Conference Call November 10, 2021 8:30 AM ET, George Achniotis - EVP, Business Development. We see good - we see a good market potential, but we have to see it realize. First, Ms. Frangou will offer opening remarks. We are going to acquire 3 Janpanese fleet mid-sized vessels contracted under 15 gigabits of instruction. The terms of the loan includes an interest rate of 3% above LIBOR and depreciation profile of about 9 years and maturity in the first quarter of 2026. At the same time, being active in multiple sectors reveals opportunities. The recently rapid market recovery has caused extremely high demand for available tonnage, which is in short supply across all segments. The . During this time, I managed to successfully maneuver the burst of the dotcom bubble and the aftermath of the world trade center attacks as well as the subprime crisis.Despite not being a native speaker, I always try to deliver high quality research at no charge to followers and the entire Seeking Alpha community. Yes, thank you. Long-term borrowings, including the current portion, net of deferred fees amounted to $486.9 million. Chinese steel production surpassed the 1-billion tons mark in 2020. Adjusted net income for the first nine months of 2021 amounted to $242 million compared to a $2.9 million loss for the same period last year. We are not shy of actually fixing it. Turning to Slide 12. These together with near record low orderbook could boost crude and product tanker rates in the near term. Just trying to understand how the fee through there. 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. Forward-looking statements are statements that are not historical facts. If you look at the graph on the right, net fleet growth is focused to be 2.6% this year and only 0.7% for '22. However, we do not take that for granted. You have this low break-even, 2,400, historically the lowest. Navios Maritime Partners' (NMM) CEO Angeliki Frangou on - SeekingAlpha The pandemic changed everything. Please turn to Slide 27. Your balance sheets in great shape. With us today from the company are Chairman and CEO, Angeliki Frangou; Chief Financial Officer, Mr. Stratos Desypris; and Executive Vice President of Business Development, Mr. Georgios Achniotis. Is this happening to you frequently? I wrote this article myself, and it expresses my own opinions. If these conditions happen, the next thing on the market, on the debt, I think we are in a - we can both allocate on reduction of our debt and also on actually providing to our investors.