It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/26/leading-women-angeliki-frangou-daniela-mercury.cnn. And you don't see the 3-year market developing. But most importantly, we were there for each other, she said emphatically and added: Oddly, the enforced isolation of the pandemic also provided time to reconsider our business. Thanks, Angeliki. 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. The information set forth herein should be understood in light of such risks. 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. Angeliki Frangou. So you always have to be very alert to see what is the best area where the opportunity lies. 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. However, it should be noted that current rates are still above two times the 10-year averages. On Slide 16, you can see with our ESG initiatives. And we have the tanker sector that we are watching as establish. How Angeliki Frangou became the leading Greek shipping . I'll now pass the call to George Achniotis, Executive Vice President of Navios Development, to discuss the [indiscernible]. Our Board is composed by majority Independent Directors and Independent Committees that oversee our management and operations. Our market exposure days are calibrated towards drybulk and tanker vessels, while about 88% of our containerships are fixed. 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. 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. We have a contracted revenue pipeline of about $2.2 billion and about 58% of our 2022 available days are currently exposed to the market. The BDI average for Q3 was 3,732, the highest quarterly average since 2008. 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. I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. Please turn to Slide 21. 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. So this is basically what we have been doing and what we are seeing developing. Basically, I mean, we see a lot of value on both segments. First Navios Maritime suit ended with revised offer. We'll take the next question from James with Citigroup. You building contracting was down 56% in 2020 compared to '19. This completes our formal presentation, and we open the call to questions. On Tuesday, debt-laden dry bulk shipper Navios Maritime Holdings (NYSE:NM) announced the eagerly-awaited terms of its widely-anticipated bailout by CEO and Chairwoman Angeliki Frangou: Remember, the company will be required to repay $455.5 million in 7.375% First Priority Ship Mortgage Notes (the "Ship Mortgage Notes") next month followed by $155 million in 11.25% Senior Secured Notes in August (the "Senior Secured Notes"). It doesn't sound like it has, but curious if there's any sort of hold back because of that lack of visibility. [1] She is the chairman, chief executive officer and Director of Navios Maritime Holdings ., [2] of Navios Maritime Partners L.P., of Navios Tankers Management Inc. and Navios Maritime Acquisition Corporation. On the grain side, global grain trade continues to be supported by an ever-increasing world population. We also continued to renew and expand our fleet. Our merger with Navios Containers increased our containerships by 29 vessels. Now I turn the call over to Navios Partners, Chairwoman and CEO, Ms. Angeliki Frangou. For containerships, we increased fleet size by 330% and reduced average age by 24%. The Leading Women with Becky Anderson Series can be viewed online at: http://edition.cnn.com/SPECIALS/leading-women. Now I will review the safe harbor statement. Since 2015, Ms. Frangou has also been a Member of the Board of Trustees of Fairleigh Dickinson University. 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. 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. 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. We believe that this combination offers a stronger, more resilient entity mitigating sector specific cyclicality. Ms. Frangou also acts as Vice Chairwoman of the China Classification Society Mediterranean Committee, and is a member of the International General Committee and of the Hellenic and Black Sea Committee of Bureau Veritas, and is also a member of the Greek Committee of Nippon Kaiji Kyokai. The 2020 decrease is mainly attributable to Indian and Chinese imports declining by 13.8%, respectively. Thank you. Angeliki Frangou has been the Chairman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM) since August 25, 2005. And that is something that we are not shy doing. I am pleased with our results for the third quarter of 2021. Turning to Slide 22, fleet growth is expected to be 4.2% this year and 3.8% for '22. Angeliki Frangou biography. EN English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk Unknown 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. I have no business relationship with any company whose stock is mentioned in this article. 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. 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. Adjusted net income for the quarter amounted to $12.8 million. 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. We are focusing on taking advantage of the different fundamentals across the sector we operate to maximize profitability. We have very strong corporate governance and clear code of ethics. The current product tanker orderbook is 6% of the fleet, which compares favorably with the 8.4% of the fleet, which is 20 years of age or older. And lastly, we'll open the call to take questions. Editor's note: US District Judge Mary Ann Vial Lemmon dismissed the litigation against the owners of Mariner Shipyard in April 2010. 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. And then separately, can you just share generally the front and center. I note that we were able to sell these vessels for a book gain in this excellent market as we manage our rate profile. And overall we like to have a low leverage. 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. Thank you. 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. In this process, we have been pioneering and are adopting certain environmental regulations up to 2 years in advance. 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. The IMF projects global GDP growth at 5.9% for 2021 and 4.9% for '22. We have about - commercial banks, about $600 million in Japanese and Chinese leases, which provides us more easier covenant. To access the webcast, please go to the Investors section of Navios Partners' website at www.navios-nlt.com. Our merger with Navios Maritime Containers was approved and is expected to close on March 31, 2021. In terms of future prospects, Angeliki Frangou remains optimistic but wished she felt that way for different reasons. Slide 6 details our Company highlights. "In terms of future prospects, I am optimistic but I wish it were for different reasons," she said. This does conclude today's program. Our three pillars are now working well, both drybulk and containership sectors are performing and the tanker sector has improved materially in the past few months with more improvement expected. 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. 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? In the East China is struggling with its zero Covid strategy.. As to our balance sheet update, we are in advanced discussions to finalize a $116 million loan to refinance in upcoming months and upcoming maturities in the third quarter of 2021. Angeliki Frangou has been Navios Logistics Chairwoman and a Member of the Board of Directors since its inception in December 2007. Celebs Wiki Angeliki Frangou fans also viewed: Daniel David 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. At the same time, but there is increasing industrial production and economic growth in China. The entity will have an enhanced credit profile through increased cash flow supporting deleveraging as well as growth. For returning coal high gas prices have driven power plants to switch back to coal-fired power generation, and the IEA estimates that global coal-fired electricity generation is expected to rise by nearly 5% this year and exceed pre-pandemic levels before increasing a further 3% to an all-time high in 2022. The vessel we expected to be delivered in the second half of 2022. For the fourth quarter, we generated $35.5 million in adjusted EBITDA. I think the number one is that, what we see is a good positioning on the company. 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. Year-to-date in 2021 our fleet increased by 163% in terms of number of vessels to 88 net vessel additions. Mortgage Notes (the "Ship Mortgage Notes") next month followed by $155 million in 11.25% Senior Secured Notes in August (the "Senior Secured Notes"). Angeliki Frangou is 55, she's been the Chairman of the Board and Chief Executive Officer of Navios Maritime Acquisition Corp since 2008. For example, global GDP in 2019 equals $88 trillion, almost 30x the global GDP of $2 trillion in 1970. Please. I'm also proud to be working with the social countries group whose core values include diversity in [indiscernible] and safety. In addition, Russia and Ukraine account for about one third of the global wheat supply and 186.7 million tons of seaborne coal. The full results of operation of Navios Containers will be included in Navios Partners comments commencing April 1, 2021. 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. Slide 7 reviews our recent development. And then you mentioned the word replacement, right. 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. 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. I think the - you can find one year versus three year, you have basically today discovering hugely. Our fleet consists of 49 dry bulk vessels and 26 Containerships. Frangou previously served as Chairman, Chief Executive Officer, and President of International Shipping Enterprises, Inc., which acquired . 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. This concludes my presentation, I would now like to turn the call over to Angeliki for her final comments. Additionally, we have a staggered maturity profile with no significant maturities through 2023. 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). 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. According to our Database, She has no children. And today we fix over four years, and you know with 2.5 times the rate. We - the announcement we did between the six new buildings that we did for five years and the four other vessels, we did quite significant number of what we say, 600 and $690 million of contracted revenue. 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. 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. The container segment began strengthening in the third quarter of 2020, while the dry bulk market become turning in 2021. Navios uses cookies on this website. We remain disciplined. Included in this adjustment is a $42.6 million impairment on our investment in Navios Containers, bringing its book values to approximately $25 million. And we always get - we get advantage of this on the long-term period because they need of turner. Such risks are fully discussed and are described in filings with the Securities and Exchange Commission. Next, Mr. Desypris will give an overview of Navios Partners segment data. We understood that with over 4,000 sailors at sea, when the phone rang, we had to answer it. 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. 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 This concludes my presentation. Frangou has been the Chairwoman of the Board of Directors of Navios South American Logistics Inc. since its inception in December 2007. And that's likely to grow here as we look ahead with the time charters you just announced on the containers. $690 million of contracted revenue. Vessels over 20 years of age are about 8.6% of the total fleet, which compares favorably with the historically low orderbook. Please. I mean when we did the transaction we - when we did the transaction we're about 35%, we increased our debt to about 35%. Angeliki Frangou (nee Papi) was born in Ikaria in November 1915. . Terms of the bail-out package will likely result in Ms. Frangou regaining full control of Navios Maritime Holdings. Not only does diversification provide strength but it also brings opportunity. I will briefly review our unaudited financial results for the third quarter and nine months ended September 30, 2021. We will be profitable in Q4 as contracted revenue exceeds total expenses by $57 million. Angeliki Frangou is Chairman/CEO at Navios Maritime Holdings Inc. See Angeliki Frangou's compensation, career history, education, & memberships. 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 . Through mid-March 2020 21, contracted is down by about 62% compared to the same period last year. In fact the BDI reached 5,650 on October 7, the highest level in 13 years led by increased iron-ore exports out of Brazil, pushing Capesize rates in just under $90,000 per day in early October. The financial information is included in the press release and is summarized in the slide presentation on the company's website. From November 1st DN Media Group is responsible for controlling your data on TradeWinds.
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