According to our Database, She has no children. As you can see on Slide 4, pro forma for the merger, NMM will have 85 vessels. Part 3 recaps Angeliki Frangou's career and the Navios Group. We understood that with over 4,000 sailors at sea, when the phone rang, we had to answer it. But also to, you know, a recovery on the tanker segment. Thank you. in Stamford Chief executive Angeliki Frangou has further grown her stake in Navios Maritime Holdings by converting more bonds into shares as part of a massive refinancing that closed at the. Just trying to understand how you're thinking about the work to be done on that side? We actively renew and expand our fleet. Thank you, Angeliki, and good morning. We can be very comfortable watching the drybulk market develop, we have 86% of our available days in the drybulk open to the market exposure because we are bullish on that. So you will see the effect of the results in April 1 and going forward. Please turn to Slide 27. Moreover, the large asset base will provide the entity a significant parcel of collateral value. Founder of Maritime Enterprises Management SA, Angeliki N. Frangou is a businessperson who has been at the helm of 14 different companies and currently occupies the position of Chairman at IRF European Finance Investments Ltd., Chairman & Chief Executive Officer at Navios Maritime Partners LP, Chairman & Chief Executive . And we have the tanker sector that we are watching as establish. Vietnam and other Southeast Asian countries, increased coal imports by 13%. For containerships, we increased fleet size by 330% and reduced average age by 24%. Of course we also entered into the crude and product tanker segment. The round up show premieres on the 4th Wednesday of every month. Leverage remains very low and net loan to value is 28.3% in an asset base estimated at over $4.5 billion. 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. We have - we see the potential, but we see - we need to see it materialize. For 2022 we expect a historically low break-even of $2,459 per open day with 20 - with - our busy acquisition calendar has not distracted us from our balance sheet, we remain disciplined. So, on that, what - after these two conditions, we are seeing as a return, a total return to our investor is an important part of our strategy. It is a matter of level, and I want to remind that, and this is something in the back of our mind. Angeliki Frangou has been Navios Logistics' Chairwoman and a Member of the Board of Directors since its inception in December 2007. Yes, totally understand the benefits to sort of the market capacity and rates. 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. Excellent. Slide 10 shows our combined liquidity as of December 31, 2020, we had total cash of $38.3 million and total borrowings of $719 million. Turning to Slide 25, VLCC net fleet growth is projected at 3.6% for 2021 and only 1.6% for '22. 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. The transaction based scale through a larger diversified asset base with an increased earning capacity. More specifically, we have contracted our six newbuilding containerships delivering in 2023 and 2024 for five years at an average rate of $37,050 net per day generating about $420 million of contracted revenue. Moving to the 12-month operations. 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 noticed in the release, and you mentioned it also in your comments, just about securing drybulk charters in the period market when the time makes sense. Obviously it's been a large factor in the market, but has that lack of visibility to sort of the core demand created any sort of headwind to getting business done on the container shipping - just this is actually more pertinent to the container shipping side. $12.8 million is adjusted net income and $1.12 is adjusted earnings per unit. We operate in three segments, have 15 diversified vessel types, and serve over 10 end market. Just trying to understand, if that's actually sort of impacting your operations outside of just sort of the rate impact. As Angeliki mentioned earlier, today, the Navios Containers unitholders approved the measure of Navios Partners. Also we have strength and stability in our balance sheet. Our combined net debt to book capitalization is 43.5%, about 90% of our debt is covered by the scrap value of our vessels alone. Please turn to Slide 23. Long-term borrowings including the current portion net of deferred fees amounted to $1.4 billion. This will be the highest digital rate in the past 50 years. I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. The pandemic changed everything. Yes, no that's fair. 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. In this limited sphere we are optimistic. These vessels were acquired for an aggregate purchase price of $370 million. And we have seen it. But on this containership opportunity, how repeatable could you say that deal is? At the same time, being active in multiple sectors reveals opportunities. And it was somewhat opportunistic at the time, they were on a speculative basis I guess or at least orders without charters. We stand at the crossroads, perhaps the crossroads of history. Navios uses cookies on this website. We agreed to acquire 2 2012 bill oil gas vessels or approximately $59.3 million. This completes our Q4 results. Angeliki Frangou is 55, she's been the Chairman of the Board and Chief Executive Officer of Navios Maritime Acquisition Corp since 2008. Meanings for Angeliki Frangou A popular Greek shipowner and Director who served as a Chief Executive Officer of Navios Maritime Holdings. Yet we still have 2,473 open or index-linked days. Well, thanks, Angeliki for your comments. Focus are also for growth in iron ore imports around the world as the effects of the pandemic received. If you have seen in container segment what we did, we - and is the example that you see on the charters we just announced, we were fixing one year. Thank you, George. 2021 drybulk trade is projected to increase by 4.5% and further increase by 2.9% in '22. Is this happening to you frequently? Angeliki? Churchs Annual Stewardship & Mistletoe Gala. The loan terms also provide for prepayment premiums ranging from 5%-10% during the first 36 months which would also be payable in the form of Convertible Debentures. Cash and cash equivalents was $30.7 million. Adjusted net income for 2020 amounted to $12.8 million. In just the last month, sub trade time charter rates have hit 10-year highs in what is normally a seasonal low period. Angeliki N. Frangou. 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! How Angeliki Frangou became the leading Greek shipping . 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. You'll see the webcasting link in the middle of the page, and a copy of the presentation referenced in today's earnings conference call will also be found there. Sometimes it's in newbuildings, sometimes it's in secondhand vessels in different sectors. 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. And lastly, we'll open the call to take questions. 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. We have been taking advantage of robust market. So we need to wait for the drybulk, we enjoy the - we have the luxury because of our balance sheet and a low break-even to really to have the luxury to be open. Vessels over 20 years of age are 11.3% of the total fleet, which compares favorably with a low orderbook. This does conclude today's program. Turning to Slide 19. For 2022 we expect a historically low break-even of $2,469 per open day with 58% of our 47,268 available days open or index-linked providing us with a market exposure. The Globe and Mail A 14,000-ton freighter, the Fulvia, lay in Rio de Janeiro, unloved and very. So, how much is Angeliki Frangou worth at the age of 56 years old? In addition to the Leading Women Series, Becky Anderson also hosts the network's flagship news and current affairs program Connect the World, which takes viewers on a journey across continents, beyond headlines and into histories of the stories that are changing our world. And you need to be always running the different scenarios. In Slide 14, you can see the latest update on our fleet. 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 . And then you mentioned the word replacement, right. Currently in our Containership segment, given the continued strength over the market we have been locking in long-term charters. Vaccine roll-outs, continued fiscal stimulus and governmental infrastructure projects will continue to support economic growth. And this is the strategy going forward. If everyone dies, it is not anymore existing. If you have an ad-blocker enabled you may be blocked from proceeding. Turning to Slide 12. Our merger with Navios Maritime Containers was approved and is expected to close on March 31, 2021. 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. It will take some time, I mean, there is good, I mean, we show volatility, we went to gates from 80,000, we are down to around 30,000. Yes, we have put out some details also in our press release today. As a reminder, this conference call is being webcast. I now pass the call to Eri Tsironi, our CFO, which will take you through the financial highlights. For more information about Navios Holdings please visit our website: www.navios.com. Sure. Accordingly, 2021, net fleet growth is expected at 2.6% and only 0.7% for '22. This completes our formal presentation, and we open the call to questions. The merger is a week away now, right, so congrats on that. I have no business relationship with any company whose stock is mentioned in this article. Definitely looks well-timed and a good overall return. Over the PIK Period, I would estimate the amount of Convertible Debentures held by NSM to increase to almost $100 million, sufficient for Angeliki Frangou to regain full control of Navios Maritime Holdings. I guess, first, for the vessel sales and purchases, it seems like you're obviously adding some dry bulk exposure while shedding some containership exposure. 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. 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. Actually, what we are doing is repositioning a fleet. You know, it's like as we die. We have fixed 10 of our containerships for long durations, creating approximately $690 million in contracted revenue. Thanks, Angeliki. We also anticipate that diversification and scale should make NMM a more attractive investment platform as we take advantage of global trade patterns. And we always get - we get advantage of this on the long-term period because they need of turner. Just curious there. Just trying to understand how the fee through there. Everything works well, as long as the logistics chain is unchallenged. However, we do not take that for granted. The average Q3, 2021 time charter equivalent rate achieved per segment was Bulkers, $28,926 per day. quarter of 2020. The Leading Women with Becky Anderson program profiles professional women who have made it to the top in all areas of business, the arts, sport, culture, science and more. The recently completed merger with Navios Acquisition gave us a strong foothold in this tanker sector with 45 tanker vessels. DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. Slide 10, details our strong operating free cash flow potential. But I'm talking about as a portfolio, you'd like to keep an age profile characteristics somehow on a certain level. We expect to be able to provide more predictable returns to our unitholders despite uneven sector performance. On October 15, 2021 we completed a transformative merger with Navios Acquisition. The recently rapid market recovery has caused extremely high demand for available tonnage, which is in short supply across all segments. I'll turn the call back over to Angeliki for any closing remarks. Part 2 highlights Angeliki Frangou's leadership and the growth of the Navios Group. And we always get - we get advantage of this on the long-term period because they need of turner. Editor's note: US District Judge Mary Ann Vial Lemmon dismissed the litigation against the owners of Mariner Shipyard in April 2010. PIRAEUS, GREECE--(Marketwire - Feb 27, 2013) - Angeliki Frangou, Chairman and CEO of the Navios Group of Companies, is featured on CNN International's Leading Women with Becky Anderson in a three Part Series airing this month. own rates rose dramatically from midyear 2020, led by the China to the U.S. West Coast and China to Europe freight rates as depicted on the chart on the lower rides. A London High Court trial is under way in a complex dispute between Greek shipowner Angeliki Frangou and her brother, John Frangos. This has led the IMF to increase its 2021 GDP growth projection to 5.5%, the highest in 50 years and 4.2% in '22. In particular, the extremely tight availability of Panamaxes, combined with poor congestion, increasing trade and lack of new buildings has proper period time charter rates to keep 13-year highs of $37,000 per day for periods after a year. NMM has an enhanced base to generate free cash flow. The current orderbook is 8.3% of the fleet.