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</body></html>";s:4:"text";s:17910:"But on this containership opportunity, how repeatable could you say that deal is? Our cash balance was at $141.2 million as of September 30, and we have 28.3% in net LTV. The remaining 34% of available base that are open all on indexing chargers provided with more upside. Angeliki Frangou is Chairman and Chief Executive Officer of Navios Holdings. http://edition.cnn.com/video/#/video/business/2013/02/12/leading-women-angeliki-frangou-navios-shipping.cnn, http://edition.cnn.com/video/#/video/business/2013/02/19/leading-women-angeliki-frangou-daniela-mercury.cnn, http://edition.cnn.com/SPECIALS/leading-women. Now I turn the call over to Navios Partners' Chairman and CEO, Mr. Angeliki Frangou. Angeliki Frangou. We see that it is a different set of fundamentals important. We have been taking advantage of robust market, NMM has $2.2 billion of contracted revenue. TradeWinds is part of NHST Global Publications AS and we are responsible for the data that you register with us, and the data we collect when you visit our websites. 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. 2021 drybulk trade is projected to increase by 4.5% and further increase by 2.9% in '22. Post-merger NMM will have approximately 19.7 million units outstanding. So you have 140 vessels to 150 vessels, is that the kind of range you want to stay with or with those kind of asset sales kind of bring down the fleet levels from these numbers? While also allowing us to leverage each independent sectors fundamentals. 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. Becky Anderson, one of CNN International's highest profile anchors, interviewed Angeliki Frangou at Navios' offices in Piraeus, Greece to discuss the global rise of the Navios Group of Companies and her career achievements. CHARTERING OFFICER/MANAGER GAS CARRIERS/TANKERS, Panamax Chartering Manager, Chartering Broker. 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. Containers $22,418 per day, and Tankers $15,066 per day. 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. Net debt/book capitalization was at a comfortable level of 41.7%. TradeWinds is part of DN Media Group AS. 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. For more information about Navios Holdings please visit our website: www.navios.com. The current order book stands at a record low of 5.7% of the fleet. Our fleet is in the top-10 publicly listed dry cargo fleet globally, as measured by a number of vessels. First, the pandemic highlighted the weakness of just in time manufacturing. Such forward-looking statements are based upon the current beliefs and expectations of Navios Partners management and are subject to risks and uncertainties, which would cause actual results to differ materially from the forward-looking statements. Please. 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. We are a premier dry cargo shipping platform with about $900 million of contracted revenue. So, starting off with the merger, your fleet is clearly massive, it's diverse. EBITDA and net income for Q3, 2021 includes a $30.9 million gain related to the sale of three vessel, Navios Dedication, Navios [Verde] and Harmony N, a $4 million bargain purchase gain upon obtaining control of the Navios Acquisition, and $2.9 million transaction cost in relation to the merger with Navios Acquisition. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Long-term borrowings, including the current portion, net of deferred fees amounted to $486.9 million. The entity will have an enhanced credit profile through increased cash flow supporting deleveraging as well as growth. To read more about DN Media Group, 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. In addition, Ms. Frangou has been the Chairwoman and Chief Executive Officer of Navios Partners (NYSE: NMM), an affiliated limited partnership, since August 2007. Sure. We agreed to acquire 2 2012 bill oil gas vessels or approximately $59.3 million. And do you have a maybe preference there in terms of repurchases or distribution increase? 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. The benefits of diversification are reflected in recent market activity. Our balanced exposure across the drybulk, containership and tanker segments allow us to mitigate normal industry cyclicality and leverage fundamentals on offering across all sectors through our chartering and capital allocation and financing strategy. Navios has deescalating [indiscernible] options on the vessels starting in year 4 before the charter generation. NMM has a strong balance sheet with low leverage, 43.5% in combined net-debt-to-book capitalization and man has diversification and scale with an 85 vessel fleet we ranked in the top-10 among the publicly incited cargo fleet, about 66% of our available base assets at an average charter rate of $18,612 net per day and 34% of our fleet available days are open or the index link. Also we have strength and stability in our balance sheet. Illustration of Angeliki Frangou, founder, CEO and chairwoman of Navios Maritime Holdings Inc. Just trying to understand how you're thinking about the work to be done on that side? We see good - we see a good market potential, but we have to see it realize. The company reworked its operations in offices and on board the vessels and hired a new medical team to monitor the health of all employees and crew. We operate in three segments, have 15 diversified vessel types, and serve over 10 end market. We have finalized an additional $58 million loan, which will be used to finance the acquisition of 2 vessels and refinance an existing facility. Lastly, we have a strong balance sheet with low leverage. The net result is that we should have more predictable entity level return. Vessels over 20 years of age are 11.3% of the total fleet, which compares favorably with a low orderbook. Navios Partners controls 142 vessels with balanced exposure to the drybulk, containership and tanker segments. Thank you for your participation. Indeed, in the US, air travel is at 2019 levels, she explained. I will briefly review Navios' financial results for the Fourth Quarter and Year Ended December 31, 2020. Nikos Fragos and daughter Angeliki Frangou Greek Shipping Awards and TradeWinds Wealth: $192 million (151 million) Industry: Shipping Nikos started Good Faith Shipping Co in 1966. Cash and cash equivalents was $30.7 million. I think a low leverage is a big driver to our model. And we always get - we get advantage of this on the long-term period because they need of turner. 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. For the fourth quarter, Navios Partners reported revenue of $69.2 million and adjusted EBITDA of $35.5 million. The above increase was partially -- the above decrease was partially mitigated by the $7.4 million increased revenues discussed above and $1.3 million decrease in Time Charter and volume expenses and a $1.1 million increase in net other income. In this limited sphere we are optimistic. You know, it's like as we die. Next, Mr. Desypris will give an overview of Navios Partners segment data. 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. Eri? During the quarter ended September 30, 2021 we had 9,027 available days compared to 4,499 days for Q3, 2020. Angeliki Frangou has positioned Navios perfectly to capture the ongoing growth of emerging economies for years to come Evidently, going from a defunct Brazilian tanker to running a group worth in excess of $4bn (3.4bn) took more than luck. As you can see in the blue box on the lower right, increases in demand for goods, port congestion and restocking will lead to container demand growth of 6.3% in 2021, and 3.9% in '22. We are about two years below industry average. Leverage remains very low and net loan to value is 28.3% in an asset base estimated at over $4.5 billion. The Convertible Debentures have a term of five years and bear interest of 4% PIK payable at maturity, if not earlier converted. 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. I would now like to turn the call over to Angeliki for her final comments. Slide 6 goes through recent developments. I think this is something that we are very [technical difficulty]. But those of us in shipping will try to understand the impact of all these things based on a simple metric on ton miles the cost of shipping one ton of freight for one mile. To access the webcast please go to the Investors section of Navios Maritime Partners website at www.navios-mlp.com. Thank you for joining us for Navios Maritime Partners' Fourth Quarter and Full Year 2020 Earnings Conference Call. On Slide 8, we lay out global GDP growth since 1970. The pandemic changed everything. Angeliki? Turning to Slide 14, I will briefly discuss some key balance sheet data as of September 30, 2021. It doesn't sound like it has, but curious if there's any sort of hold back because of that lack of visibility. The big thing is about - we're looking at reducing further. Year-to-date scrapping has totaled 3.4 million tons, which is on pace for March 2020. Well, thanks, Angeliki for your comments. Navios' fourth company, Navios South American Logistics Inc., owns and operates the largest independent dry port in the Hidrovia region of South America and one of the largest independent liquid ports in Paraguay. Frangou, originating from the island of Chios, Greece, is considered one of the world's shipping magnate.The powerful Greek shipowner obtained a bachelor's degree in Mechanical Engineering from Fairleigh Dickinson University and a . Angeliki? Then, Mr. Achniotis will provide an operational update and the industry overview. The 2020 decrease is mainly attributable to Indian and Chinese imports declining by 13.8%, respectively. Our diversification strategy creates resilience in the overall business model and enable us to mitigate individual segment volatility. She is currently single. If everyone dies, it is not anymore existing. Navios uses cookies on this website. The round up show premieres on the 4th Wednesday of every month. The pandemic changed everything. Such forward-looking statements are based upon the current beliefs and expectations of Navios Partners' Management and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements. Our net debt to capitalization is 43.5%, and our debt maturities are targeted through 2030. You may now disconnect. What is unique - what we like about this is vessel is about in the [indiscernible] flexible vessel at 260 meters, very nice dimensions, you can actually take advantage of the point to point transportation that is now developing the difference on the supply chains and from - and all these, you know just in time to just in case. People seem to have concluded that you cannot reliably provide goods if the system has a single point of failure. Our office had to remain open. I mean when we did the transaction we - when we did the transaction we're about 35%, we increased our debt to about 35%. The nominal GDP today is exponentially higher than compared to the nominal GDP of 50 years ago. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. Our 2021 contracted revenue exceeded our total fleet expenses by $12.6 million, with more than 1/3 of our available base open and index linked, there is an ample opportunity to provide further free cash flow. We are also constantly working on refinancing and extending maturities. Slide 13 shows the details of our combined fleet, giving effect of the merger of Navios Containers. Fleet utilization for the fourth quarter of 2020 was almost 100%. As you can see on Slide 4, pro forma for the merger, NMM will have 85 vessels. Angeliki Frangou biography. As CFI box rates have climbed 222% from April 2020 to March '21, spread by the earlier start of the Chinese equality and from continuing demand for consumables and pandemic related supplies worldwide. You mentioned that you sold the 2006 Panamax, but still have a handful of 2004 and 2005 built vessels. We understood that with over 4,000 sailors at sea, when the phone rang, we had to answer it. It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/26/leading-women-angeliki-frangou-daniela-mercury.cnn. Your balance sheets in great shape. Definitely looks well-timed and a good overall return. And you need to be always running the different scenarios. She also serves as the Chairman and Chief Executive Officer of Navios Partners L.P. and Navios Maritime Acquisition Corporation. As I mentioned previously, Navios Partners is one of the largest U.S. publicly listed companies with over 140 vessels. And this is something that actually has benefited quite significant on these market, especially on the container. Adjusted EBITDA for the fourth quarter of 2020 increased to $35.5 million compared to $33.7 million for Q4 of 2019, mainly due to the increase in earnings discussed above. Angeliki Frangou has been Navios Logistics' Chairwoman and a Member of the Board of Directors since its inception in December 2007. Furthermore, protocols for contactless operations and repatriations have been created and IT systems were overhauled to facilitate all these. We'll take the next question from James with Citigroup. 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. 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. You may disconnect at any time. This concludes my presentation. Sorry I am not a 100% sure on the question, I cannot - it's a little bit hard to hear you. In addition, lender Navios Shipmanagement Holdings Corporation or "NSM" received an upfront structuring fee of $24.0 million and an undisclosed amount of accrued interest and prepayments fees also in the form of Convertible Debentures. Is this happening to you frequently? Just wanted to actually ask about how you're thinking about the capital structure from here. Ms. Frangou has also been the Chairwoman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM). Total adjusted net income was $130 million compared to $8.8 million for the same period last year. Partners financial results. Net debt to book capitalization was 40% at the end of the year. Part 3 recaps Angeliki Frangou's career and the Navios Group. Please turn to Slide 18. As you can see from the top graph on the space, the IMF expects global GDP to grow by 5.5% in 2021. Angeliki Frangou (born 1965) (Greek: ) is a Greek shipowner. The floor is now open for questions. We are not shy of actually fixing it. First, Ms. Frangou will offer opening remarks. This has led to a change in trading patterns for the containerships, which has resulted in a historic turnaround in rates. However, [indiscernible] quarters along with global oil demand returning to 2019 levels have brought OECD inventories below their 5-year average. The approved merger with Navios Container is expected to close on March 31. 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. In addition, Ms. Frangou serves as the Chairman and Chief Executive Officer of Navios Partners, an affiliated limited partnership trading on the New York Stock Exchange, since August 2007, and as the Chairman and Chief Executive Officer of Navios Maritime . And the tanker sector is just coming off - just coming up from a very low point, which was the lowest point in Q3. Turning to Slide 12, you can see some fleet and debt updates. We also agreed to sell for vessels having an average age of 13 years for a total sales price of $42.8 million. <a href="http://caozhongzhifoundation.org/caocgfoundation/assets/@eaDir/jq0qh2/tommy-decarlo-daughter">tommy decarlo daughter</a>, ";s:7:"keyword";s:24:"angeliki frangou husband";s:5:"links";s:199:"<a href="https://rental.friendstravel.al/storage/g1psm1p/sarah-osborne-husband">Sarah Osborne Husband</a>,
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