Before I start discussing our financial highlights, I would like to draw your attention to see one-off items that are listed in Slide 11. Consequently, they see magnitudes of today's global GDP made to [indiscernible] the economic impact of a particular percentage point growth when compared to 1970. I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. 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. 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. 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. Angeliki N. Frangou. Please turn to Slide 18. Navios has deescalating [indiscernible] options on the vessels starting in year 4 before the charter generation. Sure. We are a premier dry cargo shipping platform with about $900 million of contracted revenue. You can pay down debt aggressively, you can reward shareholders aggressively and you can actually acquire assets fairly aggressively. To access the webcast please go to the Investors section of Navios Maritime Partners website at www.navios-mlp.com. The average combined Q3, 2021 franchise equivalent rate of our vessels increased by 79%, $24,447 per day. Worldwide grain trade has been growing by over 5% CAGR since 2008 mainly driven by Asian demand, which increased by 15% in 2020 and is expected to increase a further 2.9% in '21. Notwithstanding this accounting in [indiscernible], economically, our investment has significantly increased in value. We continue to renew our fleet and improve average profile. 2021 drybulk trade is projected to increase by 4.5% and further increase by 2.9% in '22. In addition, Russia and Ukraine account for about one third of the global wheat supply and 186.7 million tons of seaborne coal. Our cost of debt has been significantly reduced as a result of the refinancing with the term loyalty as well as the decrease in LIBOR rates. Additional availability of Atlantic exports to the Far East are expected to increase as steel mills replenish stockpiles. And in terms of those sort of three, are you willing to rank at the moment of those three, which is the most appealing or if one outranks the other two or any sort of color you can give on how you are thinking strategically about whether you decide to pay down debt, pay back shareholders or grow the company. Angeliki Frangou is 55, she's been the Chairman of the Board and Chief Executive Officer of Navios Maritime Acquisition Corp since 2008. Ms. Frangou also spends a significant amount of time cultivating new and existing commercial relationships with financial institutions, industrial partners and shipyards. Frangos claims his sister owes his company, First Lines, $1.18m, TradeWinds is part of DN Media Group. Will you order those ships and then subsequently contracted them and now you have basically a five year, maybe 5.5 year payback. Please turn to Slide 21 focusing on the container industry. 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. Angeliki Frangou (nee Papi) was born in Ikaria in November 1915. . Angeliki Frangou (born 1965) ( Greek: ) is a Greek shipowner. If everyone dies, it is not anymore existing. I think that one issue that I faced, no matter was on 140 vessel fleet, you will have some replacement. On a combined basis, about 1/3 of our available days are open or interest team providing market exposure to capture market upside. NMM has $2.2 billion of contracted revenue. First COVID stimulus measures have caused a sharp recovery of demand for goods in Western OECD economies as noted on the two lower charts. 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 will briefly discuss on key balance sheet data as of December 31, 2020. 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. Furthermore, protocols for contactless operations and repatriations have been created and IT systems were overhauled to facilitate all these. 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. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. 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. 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. The large entity will benefit from a simplified capital and an organizational structure, thereby, reducing costs. Navios uses cookies on this website. Angeliki Frangou has been our Chairwoman and Chief Executive Officer since our inception. 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 . For the fourth quarter, we generated $35.5 million in adjusted EBITDA. Turning to Slide 22. In Slide 15, you can see our target strategy for 2021. CEO and Chairwoman Angeliki Frangou recently disclosed a 40.8% ownership stake on an as-converted basis and indicated her intention to purchase additional common shares for up to $20 million. 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. Bank accounts of leading Greek shipowner Angeliki Frangou have been frozen by Greek judicial authorities investigating lending by Marfin Bank, which is now under the control of Piraeus Bank,. 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. Moving to the 12-month operations. On Slide 8, we lay out global GDP growth since 1970. Currently in our Containership segment, given the continued strength over the market we have been locking in long-term charters. We are going to acquire 3 Janpanese fleet mid-sized vessels contracted under 15 gigabits of instruction. In terms of future prospects, Angeliki Frangou remains optimistic but wished she felt that way for different reasons. Additionally, we have a staggered maturity profile with no significant maturities through 2023. Even with the increase in new building orders, demand is forecast to outpace net fleet growth in both 2021 and '22. The pandemic changed everything. Slide 6 goes through recent developments. Actually, what we are doing is repositioning a fleet. We show some vessels that were older and smaller to more commercially attractive vessels. 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. The . Navios Maritime Partners L.P. (NYSE:NMM) Q3 2021 Earnings Conference Call November 10, 2021 8:30 AM ET, George Achniotis - EVP, Business Development. And you need to be always running the different scenarios. 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. Read more about DN Media Group here. It doesn't indicate, now on actual investment, we just completed a $1 billion investment, 45 vessels in the tanker segment. 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. Had the merger been effective for 2020, the pro forma revenue would have been $354 million. The event was held during . Angeliki Frangou - Chairman and Chief Executive Officer Stratos Desypris - Chief Financial Officer George Achniotis - Executive President-Business Development Conference Call Participants Chris. We'll take the next question from James with Citigroup. Now I turn the call over to Navios Partners' Chairman and CEO, Mr. Angeliki Frangou. If you have an ad-blocker enabled you may be blocked from proceeding. Please turn to Slide 27. First Navios Maritime suit ended with revised offer. 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. It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/26/leading-women-angeliki-frangou-daniela-mercury.cnn. Additionally, we have agreed a new $52.7 million bareboat financing for two Kamsarmax vessels to be delivered in the second half of 2022 and Q1 of 2023. Accordingly, 2021, net fleet growth is expected at 2.6% and only 0.7% for '22. Our cash balance was at $141.2 million as of September 30, and we have 28.3% in net LTV. This will be a transformative transaction for Navios Partners and will carry the significant benefits of diversification. So - we went to work," Chairwoman and Director of Navios Maritime Holding Angeliki Frangou stated speaking at the private dinner she hosted during . The holder of the Convertible Debentures will be entitled to vote on an "as converted" basis along with the company's common shareholders. While also allowing us to leverage each independent sectors fundamentals. 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. The oldest executive at Navios Maritime Acquisition Corp is Brigitte Noury, 66, who is the Independent Director. So this is a net benefit, the inefficiency. 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. So this is basically what we have been doing and what we are seeing developing. 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. The Globe and Mail A 14,000-ton freighter, the Fulvia, lay in Rio de Janeiro, unloved and very. I am pleased with our results for the third quarter of 2021. His daughter. So all these unique things that we see on the supply chain happening, these vessels we think is a good match. Then Mr. Achniotis will provide an operational update and an industry overview. Frangou previously served as Chairman, Chief Executive Officer, and President of International Shipping Enterprises, Inc., which acquired . For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. Slide 10, details our strong operating free cash flow potential. So you will see that we are almost 100% fixed on both sides, both in the dry bulk but also the container side. The increase was mainly due to the 39.3% increase in available days in Q4 2020. Forward-looking statements are statements that are not historical facts. I am not receiving compensation for it (other than from Seeking Alpha). All grain production this year will reach a record according to the international gains counting and the USDA. I think a low leverage is a big driver to our model. This concludes my presentation. In concluding, the tanker market continues to remain challenged, following reduced crude and product demand associated with COVID restraints. TradeWinds is part of DN Media Group AS. 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. 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. The round up show premieres on the 4th Wednesday of every month. 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. Sorry I am not a 100% sure on the question, I cannot - it's a little bit hard to hear you. The pandemic substitution of goods for services is returning to more normal levels; expenditures for travel and entertainment and services generally are skyrocketing. To read more about DN Media Group, We agreed to acquire 2 2012 bill oil gas vessels or approximately $59.3 million. The structure provides for an effective purchase price of $41.5 million and an effective interest rate fixed for a festive period of 4.4%. She is not dating anyone. The benefits of diversification are reflected in recent market activity. The Greek company's chief executive Angeliki Frangou said she was. But on the other side, we are very exposed to the market. Containership demand growth of 5.7% in 2021 and 3.7% in '22 is expected to exceed supply a pent-up demand for congestion, restocking and increases in consumer demand for goods all support increasing Connie volumes. However, it should be noted that current rates are still above two times the 10-year averages. 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. And that's likely to grow here as we look ahead with the time charters you just announced on the containers. The current average contracted net rate of the four vessels is approximately $2,600 per day. Overall, world grain sales increased by 7.7% in 2020 is expected to increase by about 2% in '21. Maybe just, I know, one final one I did want to ask. The 2020 decrease is mainly attributable to Indian and Chinese imports declining by 13.8%, respectively. 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. The financial potency of this combination can be measured through the pro forma combined results of 2020. [Operator Instructions] We take our first question from Randy Giveans with Jefferies. Partners financial results. Focus are also for growth in iron ore imports around the world as the effects of the pandemic received. Thank you, George. 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. Over the last five years, around 40% of European natural gas and 27% of European oil was supplied by Russia. Our Board is composed by majority Independent Directors and Independent Committees that oversee our management and operations. I mean when we did the transaction we - when we did the transaction we're about 35%, we increased our debt to about 35%. With the help of a strong second half 2020 ended the year with a BDI averaging 1,066. That said, I would still expect Ms. Frangou to reunite both companies at an opportune time in order to grab a very substantial stake in Navios Partners as laid out in detail in my previous article. However, [indiscernible] quarters along with global oil demand returning to 2019 levels have brought OECD inventories below their 5-year average. She also serves as the Chairman and Chief Executive Officer of Navios Partners L.P. and Navios Maritime Acquisition Corporation. What does the liquidity look like across the one year to three year time-frame? Now I will review the safe harbor statement. From November 1st DN Media Group is responsible for controlling your data on TradeWinds. 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. 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. Net fleet growth is expected to remain low over the next 3 years, as the order book is the lowest or effort. The average Q3, 2021 time charter equivalent rate achieved per segment was Bulkers, $28,926 per day. We have been profitable in Q4 as contracted revenue exceeds total expenses by $57 million, yet we still have about 2,473 open and index-linked days. In Slide 11, you can see the strength and stability of our balance sheet. I think that will give us a long-term view on the right. 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. 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 . 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.Ms. And what we are looking is how this investment we did will play. Its impossible to know what this all means, she underlined, adding that there are too many potential consequences to digest and analyze. Not only does diversification provide strength but it also brings opportunity. 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. Editor's note: US District Judge Mary Ann Vial Lemmon dismissed the litigation against the owners of Mariner Shipyard in April 2010. 2021 dry bulk trade is projected to increase by 3.7%, and further increased by 2.2% in '22. And also we have to see that target, which we also see a good potential to actually happen. Yet we still have 2,473 open or index-linked days. Angeliki Frangou has been our Chairwoman and CEO since August 25, 2005. The proceeds of these new financing agreements together with available cash will be used to repay all outstanding Ship Mortgage Notes and redeem an additional $50.0 million of Senior Secured Notes (after which $105.0 million will remain outstanding). And today we fix over four years, and you know with 2.5 times the rate. 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. We have arranged the new facility of $72.7 million for the refinancing of three existing facilities with short and medium term durations. I am pleased with the results for the full year and fourth quarter of 2020. The approved merger with Navios Container is expected to close on March 31. 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. Our merger with Navios Maritime Containers was approved and is expected to close on March 31, 2021. Finally, we have very strong corporate covenants at corded efforts. Its been four years since the last Posidonia. Thank you for your participation. But together with our contracted revenue of $2.2 billion, provides an enduring platform with significant upside potential. The group controls approximately 100 drybulk and tanker vessels transporting products ranging from grains, soy, and iron ore to chemicals and petroleum. Investors should avoid Navios Maritime Holdings' common shares and remain wary of a potential future merger with Navios Partners to the detriment of the partnership's outside common unitholders. Service was accepted by Israel David. Please. In the West, the worst impacts of Covid appear to be fading. Meanings for Angeliki Frangou A popular Greek shipowner and Director who served as a Chief Executive Officer of Navios Maritime Holdings. 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 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. I'll turn the call back over to Angeliki for any closing remarks. Angeliki? We operate in three segments, have 15 diversified vessel types, and serve over 10 end market. We understood that with over 4,000 sailors at sea, when the phone rang, we had to answer it. I think the number one is that, what we see is a good positioning on the company. Angeliki Frangou has been the Chairman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM) since August 25, 2005. We stand at the crossroads, perhaps the crossroads of history. 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. Our office had to remain open. 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. I think the sales of the older ones will slowly reduce that or I guess keep it relatively young.

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