The graph on the left shows that for '21, we have to demand for the 3 major cargoes of iron ore, coal and grain is focused on increased by over 3% compared to 2020. Forward-looking statements are statements that are not historical facts. You building contracting was down 56% in 2020 compared to '19. To date, the Navios Group has paid about $535.8 million in uninterrupted dividends since the first public listing of Navios Maritime Holdings in 2005. Such risks are more fully discussed in Navios Partners filings with the Securities and Exchange Commission. Importantly, the precent of decrease perhaps understates the impact. And you don't see the 3-year market developing. It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/12/leading-women-angeliki-frangou-navios-shipping.cnn. But on this containership opportunity, how repeatable could you say that deal is? Angeliki? We'll go next to Omar Nokta, Clarksons Securities. Just trying to understand, if that's actually sort of impacting your operations outside of just sort of the rate impact. The addition also provides flexibility in our operational and financial strategies as we charter, sell and purchase vessel and obtain debt finance. 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. Its impossible to know what this all means, she underlined, adding that there are too many potential consequences to digest and analyze. Such risks are fully discussed and are described in filings with the Securities and Exchange Commission. On Slide 8, we lay out global GDP growth since 1970. 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. The battle follows four legal notices filed by Frangos in Greece late last year, containing a raft of accusations against his sister and two companies she controls. Net fleet growth for 2021 is expected at 3.5% and only 1.5% for '22 below the projected increase in drybulk demand for both years. Slide 7 sets forth key strength of the compliance entity. This - the advantage we took on the container vessels gave us a historically low break-even of $2,469 per open day in 2022. The vessel we expected to be delivered in the second half of 2022. So all these unique things that we see on the supply chain happening, these vessels we think is a good match. The agenda for today's call is as follows: First, Mr. Frangou will offer opening remarks. Global grain trade has been growing by 5% CAGR since 2008, mainly driven by Asian demand. Thank you, Daniella, and good morning to all of you joining us on today's call. If you have an ad-blocker enabled you may be blocked from proceeding. 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. The diversification allows us to balance a chartered strategy across different business segments, optimizing the profit potential with cash flow certainty. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. Please turn to Slide 27. Post-merger NMM will have approximately 19.7 million units outstanding. As you can see from the top graph on the space, the IMF expects global GDP to grow by 5.5% in 2021. In concluding, the tanker market continues to remain challenged, following reduced crude and product demand associated with COVID restraints. Thank you. We agreed to acquire 6 dry bulk vessels with an average age of about 2 years and sold 4 vessels with an average of about 13 years. We show some vessels that were older and smaller to more commercially attractive vessels. On October 15, 2021 we completed a transformative merger with Navios Acquisition. Please turn to Slide 19. So basically we can fix and you have seen in the container segment we fix multi-year contracts. Angeliki Frangou led the creation of approximately $4 billion in total value at the Navios Group, comprised of four global maritime shipping and logistics companies, three of which trade on the. Angeliki Frangou (born 1965) (Greek: ) is a Greek shipowner. It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/19/leading-women-angeliki-frangou-daniela-mercury.cnn. In the East China is struggling with its zero Covid strategy.. 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. In addition, Ms. Frangou has been the Chairwoman and Chief Executive Officer of Navios Maritime Partners L.P. (NYSE: NMM), an affiliated limited partnership, since August 2007. We have been taking advantage of robust market, NMM has $2.2 billion of contracted revenue. The increase was mitigated by 20.9% decrease in the Time Charter Equivalent rate achieved in 2020. For containerships, we increased fleet size by 330% and reduced average age by 24%. Here you fix them for the 37,000 a day, which, as I run the numbers, it looks like a 5-year payback, which sounds pretty substantial given these are new buildings. I am not receiving compensation for it (other than from Seeking Alpha). In addition, Russia and Ukraine account for about one third of the global wheat supply and 186.7 million tons of seaborne coal. Slide 10, details our strong operating free cash flow potential. We see that it is a different set of fundamentals important. The . We have arranged the new facility of $72.7 million for the refinancing of three existing facilities with short and medium term durations. Thank you. 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. 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 Next, Mr. Desypris will give an overview of Navios Partners segment data. Building us a significant base of collateral value. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. Mortgage Notes (the "Ship Mortgage Notes") next month followed by $155 million in 11.25% Senior Secured Notes in August (the "Senior Secured Notes"). Slide 7 reviews our recent development. You can read more about how we handle your information in our privacy policy. Thank you. And we have seen that, we have $1.6 billion contracted revenue on containers, $2.2 billion overall on the company. Ms. Frangou is the Chairman and Chief Executive Officer of and the beneficial owner of all of the equity securities of Navios Shipmanagement Holdings Corporation ( "NSM" ). Angeliki? So you will see that we are almost 100% fixed on both sides, both in the dry bulk but also the container side. So any plans for further asset sales, especially on those older vessels? 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. Turning to Slide 25, VLCC net fleet growth is projected at 3.6% for 2021 and only 1.6% for '22. 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. And then now that, obviously, the dry bulk and containership markets are both extremely strong. 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. Now I turn the call over to Navios Partners' Chairman and CEO, Mr. Angeliki Frangou. 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. 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. 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. We have also chartered out 4,250 TEU containerships for periods between 3.5 years and 4.5 years, generating revenues of approximately $270 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. 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. So, starting off with the merger, your fleet is clearly massive, it's diverse. For the fourth quarter, Navios Partners reported revenue of $69.2 million and adjusted EBITDA of $35.5 million. Even this metric somewhat understates the opportunity as the underlying rate market for year-to-date in 2021 is materially higher than it was on the average for 2020. Big picture just, you should understand that all the inefficiency is net positive for our business. Over the last five years, around 40% of European natural gas and 27% of European oil was supplied by Russia. Maritime shipping is the most environmental friendly means of transportation as it is the most carbon efficient mode of transport. 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? We have finalized an additional $58 million loan, which will be used to finance the acquisition of 2 vessels and refinance an existing facility. Definitely looks well-timed and a good overall return. Is this happening to you frequently? We have a large modern diverse fleet of 85 vessels with a total capacity of 7.8 million deadweight tons. The floor is now open for questions. 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. On the grain side, global grain trade continues to be supported by an ever-increasing world population. Pro forma for the merger, our company will be 1 of the 10 largest public listed dry cargo fleet. Our fleet consists of 49 dry bulk vessels and 26 Containerships. Navios Partners does not assume any obligation to update the information contained in this conference call. Editor's note: US District Judge Mary Ann Vial Lemmon dismissed the litigation against the owners of Mariner Shipyard in April 2010. The financial information is included in the press release and is summarized in the slide presentation on the company's website. Thanks, Angeliki. Additionally, we have a staggered maturity profile with no significant maturities through 2023. Through this S&P activities we increased our fleet size and reduced average age for our existing segments. 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. Accordingly, 2021, net fleet growth is expected at 2.6% and only 0.7% for '22. Based on yesterday's closing price of Navios Containers units, our investment amounts to over $110 million. 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. 2021 drybulk trade is projected to increase by 4.5% and further increase by 2.9% in '22. Fleet utilization for the fourth quarter of 2020 was almost 100%. I am pleased with our results for the third quarter of 2021. 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. And lastly, we'll open the call to take questions. And what we are looking is how this investment we did will play. For 2022 we have fixed approximately 42% of our open days at $29,350 per day and our contracted revenue provides for a break-even of $2,469 per open day. click here. If we find opportunities, we can always expand. 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. But one of the things I'll say is that, we see visibility on chartering - the demand for charters, if I answer your question. In addition, Ms. Frangou has been the Chairwoman and Chief Executive Officer of Navios Partners (NYSE: NMM), an affiliated limited partnership, since August 2007. So, basically what we want to see is number one, this market drybulk to materialize, which we are bullish about it. $12.8 million is adjusted net income and $1.12 is adjusted earnings per unit. These together with near record low orderbook could boost crude and product tanker rates in the near term. 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. I think a low leverage is a big driver to our model. 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. 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 . On the S&P, we have sold the 2006 Panamax, Panamax vessel for $14 million. First Navios Maritime suit ended with revised offer. 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 . 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. And that's likely to grow here as we look ahead with the time charters you just announced on the containers. The rate for 2021 is the highest in almost 50 years, and it is led by a 7.2% expansion in China, India and developing Asia. I am not receiving compensation for it (other than from Seeking Alpha). I now pass the call to George Achniotis, Executive Vice President of Business Development to discuss the industry section. First, the pandemic highlighted the weakness of just in time manufacturing. As shown on Slide 5, 2021 has been a transformational year as we expanded in new segments. One of the lowest on record. 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. But also to, you know, a recovery on the tanker segment. I note that we were able to sell these vessels for a book gain in this excellent market as we manage our rate profile. You have this low break-even, 2,400, historically the lowest. Sorry I am not a 100% sure on the question, I cannot - it's a little bit hard to hear you. The recently completed merger with Navios Acquisition gave us a strong foothold in this tanker sector with 45 tanker vessels. On average, we are approximately just over $15,000 chartered on the dry side and around $17,000 on the containerships. Angeliki? Please turn to Slide 21 focusing on the container industry. And do you have a maybe preference there in terms of repurchases or distribution increase? Thank you for joining us for Navios Maritime Partners Third Quarter 2021 Earnings Conference Call. Time charter revenue for the year increased to $226.8 million compared to $219.4 million in 2019. Moving to the 12-month operations. Overall our diversified platform should provide flexibility, allowing us to capitalize across segment opportunities. Today NMM is one of the largest U.S. publicly listed shipping companies with 15 vessel types diversified across three segment and servicing more than 10 end markets. 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. In this process, we have been pioneering and are adopting certain environmental regulations up to 2 years in advance. You need to wait and see that market develop. Investors should avoid Navios Maritime Holdings' common shares and remain wary of a potential merger with Navios Maritime Partners to the detriment of the partnership's outside common unitholders. During Q3 NMM generated $228 million in revenue and $145.2 million in adjusted EBITDA and $162.1 million in net income. The result was a combination of the expansion of our fleet and the improved time charter equivalent rate. It is a matter of level, and I want to remind that, and this is something in the back of our mind. 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. However, the pandemic broke the logistics chain and basic materials had to be airlifted to combat shortages. Navios Partners controls 142 vessels with balanced exposure to the drybulk, containership and tanker segments. While we are positioned to capture the market upside, through our forward available days, our diversified chartering strategy has enabled to secure a pipeline of over $2.2 billion of contracted revenue. Angeliki Frangou, Chairwoman and Chief Executive Officer, stated, "We are pleased with this transformative transaction through which we created the largest U.S. publicly-listed shipping company with 15 vessel types diversified across three segments, servicing more than 10 end markets. We agreed to acquire 6 dry bulk vessels with an average age of approximately 2 years. Thank you, Stratos. Meanwhile, she launched Navios Maritime Containers with a listing on the Norwegian over-the-counter market, followed up by a 2018 listing in New York, building up a fleet of 29 . Not only does diversification provide strength but it also brings opportunity. 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. 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. We do not see this easing anytime soon, but we are watching it carefully, Angeliki Frangou concluded. Ms. Frangou has also been the Chairwoman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM). 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. Please. Chinese steel production surpassed the 1-billion tons mark in 2020. Through mid-March 2020 21, contracted is down by about 62% compared to the same period last year. But overall, today the biggest thing that we have to see is that we have created operationally a unique platform. Sometimes it's in newbuildings, sometimes it's in secondhand vessels in different sectors.

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