With the help of a strong second half 2020 ended the year with a BDI averaging 1,066. CHARTERING OFFICER/MANAGER GAS CARRIERS/TANKERS, Panamax Chartering Manager, Chartering Broker. However, the pandemic broke the logistics chain and basic materials had to be airlifted to combat shortages. Read more about DN Media Group here. So, how much is Angeliki Frangou worth at the age of 56 years old? The information set forth herein should be understood in light of such risks. So - we went to work," Chairwoman and Director of Navios Maritime Holding Angeliki Frangou stated speaking at the private dinner she hosted during . The current orderbook stands at 6.8% of the fleet. No, yes, that makes sense. What we have done is that, we have created a fortress balance sheet by chartering the container sector, which is extremely strong. Celebs Wiki Angeliki Frangou fans also viewed: Daniel David We see good - we see a good market potential, but we have to see it realize. 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%. And lastly, we'll open the call to take questions. TradeWinds is part of DN Media Group AS. Navios Partners does not assume any obligation to update the information contained in this conference call. Okay. Thank you, George. I wrote this article myself, and it expresses my own opinions. Ms. Frangou is also a Member of the Foundation for Economic and Industrial Research. I'm also proud to be working with the social countries group whose core values include diversity in [indiscernible] and safety. Through mid-March 2020 21, contracted is down by about 62% compared to the same period last year. First, the pandemic highlighted the weakness of just in time manufacturing. I think a low leverage is a big driver to our model. "In terms of future prospects, I am optimistic but I wish it were for different reasons," she said. Frangos claims his sister owes his company, First Lines, $1.18m, TradeWinds is part of DN Media Group. Our market exposure days are calibrated towards drybulk and tanker vessels, while about 88% of our containerships are fixed. And we always get - we get advantage of this on the long-term period because they need of turner. This completes our quarterly result for NMM. Slide 13 shows the details of our combined fleet, giving effect of the merger of Navios Containers. 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. Now is the important or something like an unsecured pieces that might make sense, something that basically might be a little bit more permanent piece of the capital. For drybulk, we increased capacity by 36% and reduced average age by 18%. Over the last five years, around 40% of European natural gas and 27% of European oil was supplied by Russia. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. About 91% of our debt is covered by the scrap value of our vessels alone. I mean, you have much larger asset base. And you need to be always running the different scenarios. Angeliki? So, starting off with the merger, your fleet is clearly massive, it's diverse. We understood that with over 4,000 sailors at sea, when the phone rang, we had to answer it. Please turn to Slide 4. We have 27,437 open in index days that can generate significant operating cash. But most important is we need to have the right conditions. To read more about DN Media Group, 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. 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. To access the webcast, please go to the Investors section of Navios Partners' website at www.navios-nlt.com. I now pass the call to George Achniotis, Executive Vice President of Business Development to discuss the industry section. For the fourth quarter, Navios Partners reported revenue of $69.2 million and adjusted EBITDA of $35.5 million. $690 million of contracted revenue. 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. She also serves as the Chairman and Chief Executive Officer of Navios Partners L.P. and Navios Maritime Acquisition Corporation. And it was somewhat opportunistic at the time, they were on a speculative basis I guess or at least orders without charters. This will be a transformative transaction for Navios Partners and will carry the significant benefits of diversification. Please turn to Slide 21 focusing on the container industry. [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. Now I will review the safe harbor statement. At Navios, the pandemic galvanized us. 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. However, it should be noted that current rates are still above two times the 10-year averages. We believe that this combination offers a stronger, more resilient entity mitigating sector specific cyclicality. In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for PricewaterhouseCoopers before becoming a daytrader almost 20 years ago. 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. I have no business relationship with any company whose stock is mentioned in this article. Please disable your ad-blocker and refresh. As a result, the balance sheet of Navios Acquisition together with the respective purchase price allocation adjustments are included in Navios Partners balance sheet as at the end of the quarter. It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/12/leading-women-angeliki-frangou-navios-shipping.cnn. 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. For the nine months of 2021 NMM generated $445 million, $269.8 million in adjusted EBITDA and $398.6 million in net income. Turning to Slide 12. We agreed to acquire 6 dry bulk vessels with an average age of approximately 2 years. However, [indiscernible] quarters along with global oil demand returning to 2019 levels have brought OECD inventories below their 5-year average. The financial information is included in the press release and is summarized in the slide presentation available on the Company's website. To access the webcast please go to the Investors section of Navios Maritime Partners website at www.navios-mlp.com. So this is a big investment for Q3. So you are actually creating this cash flow when the market is right. Angeliki? Ms. Frangou has also been the Chairwoman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM). Our office had to remain open. I am pleased with the results for the full year and fourth quarter of 2020. I will briefly review Navios' financial results for the Fourth Quarter and Year Ended December 31, 2020. Angeliki Frangou. Navios Maritime Partners L.P. (NMM) CEO Angeliki Frangou on Q4 2020 We have very strong corporate governance and clear code of ethics. Building us a significant base of collateral value. 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. And lastly, we'll open the call to take questions. Cash and cash equivalents was $30.7 million. 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? She is the Chairman, Chief Executive Officer and Director of Navios Maritime Holdings., of Navios Maritime Partners L.P., of Navios Tankers Management Inc. and Navios Maritime Acquisition Corporation. But one of the things I'll say is that, we see visibility on chartering - the demand for charters, if I answer your question. It doesn't indicate, now on actual investment, we just completed a $1 billion investment, 45 vessels in the tanker segment. Angeliki Frangou (born 1965) ( Greek: ) is a Greek shipowner. I will briefly discuss on key balance sheet data as of December 31, 2020. Service was accepted by Israel David. 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. One of the lowest on record. These vessels were acquired for an aggregate purchase price of $370 million. We are about two years below industry average. I would now like to turn the call over to Angeliki for her final comments. I will briefly review our unaudited financial results for the third quarter and nine months ended September 30, 2021. Turning to Slide 15, you can our ESG initiatives. [Operator Instructions] We take our first question from Randy Giveans with Jefferies. 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. Angeliki Frangou has been the Chairman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM) since August 25, 2005. 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. Sorry I am not a 100% sure on the question, I cannot - it's a little bit hard to hear you. For example, global GDP in 2019 equals $88 trillion, almost 30x the global GDP of $2 trillion in 1970.
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