The benefits of diversification are reflected in recent market activity. Our contracted revenue alone exceeds our total fleet expenses by $12.6 million. 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. Thank you, George. Is this happening to you frequently? I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. What does the liquidity look like across the one year to three year time-frame? To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Vietnam and other Southeast Asian countries, increased coal imports by 13%. Angeliki Frangou - Wikipedia The pandemic substitution of goods for services is returning to more normal levels; expenditures for travel and entertainment and services generally are skyrocketing. 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. 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. I guess, first, for the vessel sales and purchases, it seems like you're obviously adding some dry bulk exposure while shedding some containership exposure. Thank you, Daniella, and good morning to all of you joining us on today's call. The nominal GDP today is exponentially higher than compared to the nominal GDP of 50 years ago. The benefits of diversification are reflected in recent market activity. Angeliki Frangou, the Chairman & Chief Executive Officer of Navios I will briefly review our unaudited financial results for the third quarter and nine months ended September 30, 2021. Navios is a socially conscious group with core values include diversity, inclusion, and safety. We aspire to have zero emissions by 2050. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. The pandemic changed everything. 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 $690 million of contracted revenue. Then, Mr. Achniotis will provide an operational update and the industry overview. The Leading Women with Becky Anderson Series can be viewed online at: http://edition.cnn.com/SPECIALS/leading-women. At Navios, the pandemic galvanized us. On Slide 16, you can see with our ESG initiatives. 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. 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 New York Stock Exchange, including Navios Maritime Holdings Inc. (NYSE: NM), Navios Maritime Partners L.P. (NYSE: NMM) and Navios Maritime Acquisition Corporation (NYSE: NNA). Now I will review the safe harbor statement. Angeliki Frangou Net Worth (2023) | wallmine 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. The approved merger with Navios Container is expected to close on March 31. The BDI average for Q3 was 3,732, the highest quarterly average since 2008. Angeliki N. Frangou is Chairman of the Board, Chief Executive Officer of Navios Maritime Holdings Inc. If you have an ad-blocker enabled you may be blocked from proceeding. We agreed to acquire 2 2012 bill oil gas vessels or approximately $59.3 million. So - we went to work," Chairwoman and Director of Navios Maritime Holding Angeliki Frangou stated speaking at the private dinner she hosted during . Slide 7 reviews our recent development. 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. [Operator Instructions] We take our first question from Randy Giveans with Jefferies. We have about - commercial banks, about $600 million in Japanese and Chinese leases, which provides us more easier covenant. Ms. Frangou has also been the Chairwoman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM). Eri? I mean, you have much larger asset base. Navios' Angeliki Frangou: "The Pandemic Galvanized Us"! - Neo I think the - you can find one year versus three year, you have basically today discovering hugely. Notwithstanding this accounting in [indiscernible], economically, our investment has significantly increased in value. Is this happening to you frequently? LEADERS Interview with Angeliki Frangou, Chairman and Chief Executive Thank you. I now pass the call to Eri Tsironi, our CFO, which will take you through the financial highlights. Now I will review the safe harbor statement. 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" ). Moreover, the large asset base will provide the entity a significant parcel of collateral value. Angeliki Frangou | Management | Navios Maritime Holdings EN English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk Unknown 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. Demand and restocking is expected to prove demand growth well above net fleet growth, supporting the recent dramatic rising rates. This has led the IEA to project Q4, 2021 oil demand to return close to 2019 levels, which is shown on the graph on the lower left. Thanks, Angeliki. We have fixed 10 of our containerships for long durations, creating approximately $690 million in contracted revenue. The current order book stands at a record low of 5.7% of the fleet. I think the sales of the older ones will slowly reduce that or I guess keep it relatively young. If you have an ad-blocker enabled you may be blocked from proceeding. Navios Maritime Partners L.P. Secures Unitholder Approval and Completes About one-third of our fleet will be in each of the dry . Pro forma for the merger, our company will be 1 of the 10 largest public listed dry cargo fleet. However, the results of Navios Acquisition included in the Q3 Navios Partners results are only for the period from August 26,; through September 30, 2021. We actively renew and expand our fleet. 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. The recently completed merger with Navios Acquisition gave us a strong foothold in this tanker sector with 45 tanker vessels. Now 30,000 is a very good level. 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. So this is an ongoing process that will be going over and over again depending on - and you have seen us doing that even in the top every market, in the bottom and the top, it is a continuous process that we'll do replacement. We have been taking advantage of robust market, NMM has $2.2 billion of contracted revenue. Forward-looking statements are statements that are not historical facts. The large entity will benefit from a simplified capital and an organizational structure, thereby, reducing costs. If we find opportunities, we can always expand. As a result, we re-imagined the modern shipping company. For the fourth quarter, we generated $35.5 million in adjusted EBITDA. Angeliki Frangou is 55, she's been the Chairman of the Board and Chief Executive Officer of Navios Maritime Acquisition Corp since 2008. We'll go next to Omar Nokta, Clarksons Securities. Angeliki Frangou: A Greek shipping magnate who sails into the wind Moving to the 12-month operations. 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. People seem to have concluded that you cannot reliably provide goods if the system has a single point of failure. This factor stimulus has led to historic turnaround in global container trade. The agenda for today's call is as follows. Thank you. We expect to be able to provide more predictable returns to our unitholders despite uneven sector performance. FRANGOU ANGELIKI SC 13D Filing Concerning NNA on 2021-10-15 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. Actually, what we are doing is repositioning a fleet. We also continued to renew and expand our fleet. For the full year of 2020, Navios Partners reported revenue of $226.8 million and adjusted EBITDA of $99.8 million. Angeliki Frangou is Chairman and Chief Executive Officer of Navios Holdings. Please turn to Slide 27. Document filed by Norman Roberts. For 2021 contracted revenue is expected to generate $12.6 million in excess of total fleet expense. And also we have to see that target, which we also see a good potential to actually happen. As I mentioned previously, Navios Partners is one of the largest U.S. publicly listed companies with over 140 vessels. 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. 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. 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. Global grain trade has been growing by 5% CAGR since 2008, mainly driven by Asian demand. Just trying to understand how the fee through there. We are also constantly working on refinancing and extending maturities. And then I guess on the other hand, any plans for further growth in either of the three sectors that you now have exposure to? Through this S&P activities we increased our fleet size and reduced average age for our existing segments. We are 86, which I think is a rather big percentage for our drybulk to be open. And you need to be always running the different scenarios. 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. We will be profitable in Q4 as contracted revenue exceeds total expenses by $57 million. On Slide 8, we lay out global GDP growth since 1970. 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. Turning to Slide 12. And lastly, we'll open the call to take questions. Long-term borrowings including the current portion net of deferred fees amounted to $1.4 billion. CHARTERING OFFICER/MANAGER GAS CARRIERS/TANKERS, Panamax Chartering Manager, Chartering Broker. Now I turn the call over to Navios Partners, Chairwoman and CEO, Ms. Angeliki Frangou. The result was a combination of the expansion of our fleet and the improved time charter equivalent rate. Please turn now to Slide 24 for the review of the tanker industry. Please turn to Slide 21 focusing on the container industry. Please. As Angeliki mentioned earlier, today, the Navios Containers unitholders approved the measure of Navios Partners. I think a low leverage is a big driver to our model. What we have done is that, we have created a fortress balance sheet by chartering the container sector, which is extremely strong. Our net debt to capitalization is 43.5%, and our debt maturities are targeted through 2030. Maybe just, I know, one final one I did want to ask. This will be the highest digital rate in the past 50 years. 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. The complaint, filed in New York federal court last week, charges the Greek shipping magnate and the company's directors with setting up a scheme to get around paying out accrued dividends owed to preferred shareholders, in an effort to pay dividends on common stock. The transaction based scale through a larger diversified asset base with an increased earning capacity. 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. Please turn to Slide 4. 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. About 91% of our debt is covered by the scrap value of our vessels alone. Angeliki Frangou has been Navios Logistics' Chairwoman and a Member of the Board of Directors since its inception in December 2007. It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/26/leading-women-angeliki-frangou-daniela-mercury.cnn. Navios Holdings eyes further debt cuts in 'favourable' markets To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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 . Since 2015, Ms. Frangou has also been a Member of the Board of Trustees of Fairleigh Dickinson University. To access the webcast, please go to the Investors section of Navios Partners' website at www.navios-nlt.com. 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. 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. 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 . 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. Ms. Frangou also spends a significant amount of time cultivating new and existing commercial relationships with financial institutions, industrial partners and shipyards.