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For drybulk, we increased capacity by 36% and reduced average age by 18%. This concludes my presentation. Other than envisioned by me, the Navios Group's largest and financially strongest publicly-listed entity, Navios Maritime Partners (NYSE:NMM) or "Navios Partners" won't be part of the bail-out, at least not at this time. Rates in all asset classes rose sharply reflecting surging trade driven by strong demand for both major and minor bulk commodities. You need to wait and see that market develop. We stand at the crossroads, perhaps the crossroads of history. Slide 10, details our strong operating free cash flow potential. Moving to the financial results, as shown on Slide 11, Q4 revenue increased by $7.9 million to $69.2 million compared to $61.3 million for Q4 2019. The new loan will have an interest of 3% above LIBOR and amortization profile of about 5 years and maturity in the second quarter of 2025. I think this is something that we are very [technical difficulty]. Churchs Annual Stewardship & Mistletoe Gala. 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. 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. Angeliki? Thank you for joining us for Navios Maritime Partners Third Quarter 2021 Earnings Conference Call. This concludes my presentation, I would now like to turn the call over to Angeliki for her final comments. Ms. Frangou is also a Member of the Foundation for Economic and Industrial Research. Now 30,000 is a very good level. Vietnam and other Southeast Asian countries, increased coal imports by 13%. This decline can be partially attributed to owners hesitance towards the long-lived assets in light of macroeconomic uncertainty and engine technology concerns due to upcoming CO2 restrictions. From a shipping perspective, building for resilience translates into more ton miles as things are duplicated,. Turning to Slide 25. Ms. This will be the highest digital rate in the past 50 years. Containers $22,418 per day, and Tankers $15,066 per day. Just to remind you, for your modeling purpose, so just to remind you that Navios containers the full results will be included in our results from first April as the measure is expected to close on March 31. But on the other side, we are very exposed to the market. This increase in demand has led to a decline in OECD crude oil inventories, which had fallen below their five year average since February, with the largest decline coming in September as shown on the graph on the lower right. Fortune: Greek Businesswoman Among 25 World's Most Powerful As you can see on Slide 4, pro forma for the merger, NMM will have 85 vessels. quarter of 2020. 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. Read more about DN Media Group here. "In terms of future prospects, I am optimistic but I wish it were for different reasons," she said. Greek 'bride' celebrates her 103rd birthday in Australia I think we are evolving from a world of just in time manufacturing to just in case where countries and companies purposefully build redundant systems. Please move to Slide 9 which provide some selected segment data. 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. I'll turn the call back over to Angeliki for any closing remarks. The transaction based scale through a larger diversified asset base with an increased earning capacity. These together with near record low orderbook could boost crude and product tanker rates in the near term. And NMM already has more than that contracted for 2021. Navios Maritime Partners L.P. (NYSE:NYSE:NMM) Q2 2021 Earnings Conference Call July 27, 2021 8:30 AM ET Company Participants Angeliki Frangou - Chairman and Chief Executive Officer. Total revenue for Q3, 2021 was $228 million compared to $64 million for the same period last year due to the expansion of our fleet and the improved time charter equivalent rate for both containers and bulkers. For Q4 of 2021, our contracted revenue exceeds total expenses by approximately $57 million and we have around 2,500 days with market exposure that will provide additional operating free cash. Building us a significant base of collateral value. Angeliki Frangou: A Greek shipping magnate who sails into the wind We actively renew and expand our fleet. Leverage remains very low and net loan to value is 28.3% in an asset base estimated at over $4.5 billion. We consolidated our separate activities in dry bulk and in containers and in tanker under one roof. Roberts v. Navios Maritime Holdings, Inc. et al Turning to Slide 12. I wrote this article myself, and it expresses my own opinions. The 2020 decrease is mainly attributable to Indian and Chinese imports declining by 13.8%, respectively. 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. During the quarter ended September 30, 2021 we had 9,027 available days compared to 4,499 days for Q3, 2020. You have a huge fleet, and you have a break-even per open day of 2,460. Excluding these items, adjusted EBITDA for the nine months of 2021 amounted about $270 million compared to $64 million for the same period last year. As a result we fixed 88.1% of our available containership days for 2022 and have $1.6 billion in total contracted revenue on charters extending through 2030. 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. And basically by ordering these vessels, you go away from the basic Panamax that used to be the vessel that was designed at that time for passing through Panama Canal, but we saw that had a good life afterwards to something that is particularly great for the necessities of the inter-Asia trade. The remaining 34% of available base that are open all on indexing chargers provided with more upside. EN English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk Unknown We use your data to ensure you have a secure and enjoyable user experience when visiting our site. 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. 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. In Slide 14, you can see the latest update on our fleet. In concluding, the tanker market continues to remain challenged, following reduced crude and product demand associated with COVID restraints. When talking about ESG, I think it's important to remind people that Transocean exiting is the most environmentally friendly means of transportation as it is the most carbon efficient mobile transport. And you don't see the 3-year market developing. 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. So this is a big investment for Q3. That is - there is no one formula to this. People seem to have concluded that you cannot reliably provide goods if the system has a single point of failure. Angeliki Frangou has been the Chairman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM) since August 25, 2005. Instead, interest payments will have to be made in the form of new, unsecured convertible debentures (the "Convertible Debentures"). I will briefly discuss on key balance sheet data as of December 31, 2020. The result was a combination of the expansion of our fleet and the improved time charter equivalent rate. Please disable your ad-blocker and refresh. We see good - we see a good market potential, but we have to see it realize. Navios Maritime: Bail-Out To Result In Frangou Regaining Control 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. Long-term borrowings including the current portion net of deferred fees amounted to $1.4 billion. Approximately half of the fleet will be drived by vessels, and the other half will be container ships when measured by the number of vessels. The battle follows four legal notices filed by Frangos in. over to Navios Partners' Chairman and CEO, Mr. Angeliki Frangou. Vessels over 20 years of age are about 7.6% of the total fleet, which compares favorably with the previously mentioned record low order book. Please disable your ad-blocker and refresh. 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. We have majority independent directors and independent committees, not to say our management operations. This will be a transformative transaction for Navios Partners and will carry the significant benefits of diversification. So all these unique things that we see on the supply chain happening, these vessels we think is a good match. So think about something between five vessels to 10 vessels to a minimum per year you will have to replace, because either this is the way, or you see that vessel may have - may come in to - you see that the potential in 2023 and we have more consumption, for different technological or commercial reasons or CapEx you have to put. You'll see the webcast 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. We have capitalized on the strength of the Container Ship market and fixed almost 90% of our available container days for 2021, enjoying healthy rates. In this process we have been pioneering and are adopting certain environmental regulations up to two years in advance, aiming to be one of the first fleets to achieve full compliance. Focus are also for growth in iron ore imports around the world as the effects of the pandemic received. Navios Holdings eyes further debt cuts in 'favourable' markets Furthermore, protocols for contactless operations and repatriations have been created and IT systems were overhauled to facilitate all these. As of September 30, we had a total cash of $141.2 million and borrowings of $1.4 billion. If you have an ad-blocker enabled you may be blocked from proceeding. We have fixed 10 of our containerships for long durations, creating approximately $690 million in contracted revenue. 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? 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. You mentioned that you sold the 2006 Panamax, but still have a handful of 2004 and 2005 built vessels. Wanted to maybe follow up on the commentary you just had with Randy, just in terms of deployment of capital, right now you're generating huge sums of cash. So, starting off with the merger, your fleet is clearly massive, it's diverse. And overall we like to have a low leverage. Angeliki Frangou and her brother John square up at trial in London According to our Database, She has no children. In 2017-18, Ms Frangou took advantage of lower asset prices to acquire 12 bulkers for mother company Navios Maritime Holdings and another 12 for Navios Partners. Angeliki Frangou Biography, Age, Height, Husband, Net Worth, Family 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. Navios Maritime Partners L.P. (NMM) CEO Angeliki Frangou on Q4 2020 The move would be a financial windfall for Frangou, who owns 30.6%, TradeWinds is part of DN Media Group. Could you just give a flavor of sort of what the liquidity looks like from your perspective in terms of deploying the drybulk fleet away from spot on to time charters. Angeliki Frangou is Chairman/CEO at Navios Maritime Holdings Inc. See Angeliki Frangou's compensation, career history, education, & memberships. Document filed by Norman Roberts. So this is something that we are focusing very much. We believe that the overall tanker orderbook and fleet are well-balanced as the IMO 2023 and ballast water management regulations will lead to some vessel retirements in the coming months. Angeliki Frangou sees optimism amid chaos :: Lloyd's List We remain disciplined. You have this low break-even, 2,400, historically the lowest. At this time, I'm showing no further questions. We understood that with over 4,000 sailors at sea, when the phone rang, we had to answer it. We are going to acquire 3 Janpanese fleet mid-sized vessels contracted under 15 gigabits of instruction. Frangou previously served as Chairman, Chief Executive Officer, and President of International Shipping Enterprises, Inc., which acquired . About 91% of our debt is covered by the scrap value of our vessels alone. Add a meaning Wiki content for Angeliki Frangou Angeliki Frangou Add Angeliki Frangou details Phonetic spelling of Angeliki Frangou Add phonetic spelling Synonyms for Angeliki Frangou Add synonyms What we have done is that, we have created a fortress balance sheet by chartering the container sector, which is extremely strong. 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. Governments having put in place emergency monitor and fiscal plans to support the economies have kick-started faster than expected the recovery in the world economy. Angeliki Frangou biography. Accordingly, 2021, net fleet growth is expected at 2.6% and only 0.7% for '22. During Q3 NMM generated $228 million in revenue and $145.2 million in adjusted EBITDA and $162.1 million in net income. But also, would like to also use the excess in deleveraging. There's always a replacement to give, you know, one of the things that we said from, and I think, Stratos also mentioned, we have an average age. Thanks you Angeliki and good morning all. Our available days increased by 63% to 20,421, while the average nine month 2021 combined time charter equivalent rate increased by 76% to 20,991. NMM has an enhanced base to generate free cash flow. Vessels over 20 years of age are about 8.6% of the total fleet, which compares favorably with the historically low orderbook. So, I guess going forward, is there a specific debt target or leverage ratio you're pursuing before kind of switching to some kind of return of capital, be it either repurchasing units at a massive discount to NAV or increasing the quarterly distribution? Turning to Slide 14, I will briefly discuss some key balance sheet data as of September 30, 2021. And do you have a maybe preference there in terms of repurchases or distribution increase? It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/26/leading-women-angeliki-frangou-daniela-mercury.cnn. 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. Through mid-March 2020 21, contracted is down by about 62% compared to the same period last year. Please turn to Slide 23. Debt-laden dry bulk shipper is bailed out by CEO and Chairwoman Angeliki Frangou. Governments having put in place emergency monetary and fiscal plans to support their economies has kick-started faster than expected recovery in the world economy. For the fourth quarter, we generated $35.5 million in adjusted EBITDA. This will be a transformative transaction for Navios Partners and will carry the significant benefits of diversification. To access the webcast please go to the Investors section of Navios Maritime Partners website at www.navios-mlp.com. Our merger with Navios Maritime Containers was approved and is expected to close on March 31, 2021. The net result is that we should have more predictable entity level return. Please turn to Slide 4. Please turn now to Slide 24 for the review of the tanker industry. In this limited sphere we are optimistic. You may now disconnect. With the help of a strong second half 2020 ended the year with a BDI averaging 1,066. Navios has deescalating [indiscernible] options on the vessels starting in year 4 before the charter generation. Our cash balance was at $141.2 million as of September 30, and we have 28.3% in net LTV. We are 86, which I think is a rather big percentage for our drybulk to be open. About a third of our fleet operate in each of the drybulk, containerships and tanker segment. 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. How Angeliki Frangou became the leading Greek shipping Navios Partners does not assume any obligation to update the information contained in this conference call. Cash and cash equivalents were $141 million. 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. This - the advantage we took on the container vessels gave us a historically low break-even of $2,469 per open day in 2022. Angeliki Frangou is 55, she's been the Chairman of the Board and Chief Executive Officer of Navios Maritime Acquisition Corp since 2008. Please. Lastly within our Tanker segment, our long-term contracts provide protection and 65% of our 2022 available days remain open to capture the ongoing market recovery. Navios' Angeliki Frangou: "The Pandemic Galvanized Us"! - Neo Navios Maritime Partners L.P. (NYSE:NMM) Q3 2021 Earnings Conference Call November 10, 2021 8:30 AM ET, George Achniotis - EVP, Business Development. Yes, we have put out some details also in our press release today. First COVID stimulus measures have caused a sharp recovery of demand for goods in Western OECD economies as noted on the two lower charts. So this is basically what we have been doing and what we are seeing developing. For more information about Navios Holdings please visit our website: www.navios.com. 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. Using the client market average time charter rate of $23,549 per day, we believe NMM is well positioned for a strong 2021. Celebs Wiki Angeliki Frangou fans also viewed: Daniel David 67 WALL STREET, New York - September 27, 2012 - The Wall Street Transcript has just published its Transportation and Logistics Report offering a timely review of the sector to serious investors and industry . We have - we see the potential, but we see - we need to see it materialize. Slide 6 details our Company highlights. Forward-looking statements are statements that are not historical facts. 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. Diversification takes advantage of global trade patterns and Slide 8 illustrate this. Banks take back Hermitage PSV fleet at 62% of outstanding debt, Bottiglieri family removed from historic Italian shipping company. Angeliki Frangou (nee Papi) was born in Ikaria in November 1915. . Holders of the company's preferred shares (NYSE:NM.PG and NYSE:NM.PH) will have to hope for a Navios Maritime Holdings / Navios Partners merger as otherwise there's no reasonable chance for these securities to recover. Thereby accumulating significant scale in a short period of time. 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. 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. Moving from strength to strength in our drybulk segment, we continue to benefit from a strong spot market with 87% of our 2022 available days exposed to market rate and we remain positioned to fix vessels on attractive period charters are available. Of course we also entered into the crude and product tanker segment. So, basically what we want to see is number one, this market drybulk to materialize, which we are bullish about it. The recently rapid market recovery has caused extremely high demand for available tonnage, which is in short supply across all segments.

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