angeliki frangou husband

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. 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. 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 . Navios Partners does not assume any obligation to update the information contained in this conference call. It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/12/leading-women-angeliki-frangou-navios-shipping.cnn. Thank you. His daughter. And what we are looking is how this investment we did will play. 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. 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. While also allowing us to leverage each independent sectors fundamentals. The financial potency of this combination can be measured through the pro forma combined results of 2020. 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. Banks take back Hermitage PSV fleet at 62% of outstanding debt, Bottiglieri family removed from historic Italian shipping company. Debt-laden dry bulk shipper is bailed out by CEO and Chairwoman Angeliki Frangou. Trial in London this week will aim to settle the siblings' complicated business arrangements. First, the pandemic highlighted the weakness of just in time manufacturing. So any plans for further asset sales, especially on those older vessels? At the same time, being active in multiple sectors reveals opportunities. But I'm talking about as a portfolio, you'd like to keep an age profile characteristics somehow on a certain level. Now I turn the call over to Navios Partners' Chairman and CEO, Mr. Angeliki Frangou. 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. Turning to Slide 25, VLCC net fleet growth is projected at 3.6% for 2021 and only 1.6% for '22. Your balance sheets in great shape. Thank you, Angeliki, and good morning. On Slide 8, we lay out global GDP growth since 1970. 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 . For drybulk, we increased capacity by 36% and reduced average age by 18%. 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. 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. And this is something that actually has benefited quite significant on these market, especially on the container. Navios is a socially conscious group with core values include diversity, inclusion, and safety. Turn to Slide 18. 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. Maritime shipping is the most environmental friendly means of transportation as it is the most carbon efficient mode of 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. Finally, we have very strong corporate covenants at corded efforts. But overall, today the biggest thing that we have to see is that we have created operationally a unique platform. Ms. Frangou received a bachelors degree in mechanical engineering, summa cum laude, from Fairleigh Dickinson University and a masters degree in mechanical engineering from Columbia University. Angeliki Frangou has been our Chairwoman and CEO since August 25, 2005. For example, global GDP in 2019 equals $88 trillion, almost 30x the global GDP of $2 trillion in 1970. Angeliki Frangou Net Worth Her net worth has been growing significantly in 2020-2021. Pro forma for the merger, our company will be 1 of the 10 largest public listed dry cargo fleet. The oldest executive at Navios Maritime Acquisition Corp is Brigitte Noury, 66, who is the Independent Director. You'll see the webcasting 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. I think a low leverage is a big driver to our model. 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. Our contracted revenue alone exceeds our total fleet expenses by $12.6 million. As you can see on Slide 4, pro forma for the merger, NMM will have 85 vessels. Ms. 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. Not only does diversification provide strength but it also brings opportunity. Adjusted net income for the quarter amounted to $12.8 million. 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. 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. 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). Please turn to Slide 26, focusing on the container industry. So we need to wait for the drybulk, we enjoy the - we have the luxury because of our balance sheet and a low break-even to really to have the luxury to be open. 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. 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. It will take some time, I mean, there is good, I mean, we show volatility, we went to gates from 80,000, we are down to around 30,000. 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. Big picture just, you should understand that all the inefficiency is net positive for our business. 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 . We don't have much information about She's past relationship and any previous engaged. We show some vessels that were older and smaller to more commercially attractive vessels. So, starting off with the merger, your fleet is clearly massive, it's diverse. [Operator Instructions]. Please turn to Slide 21 focusing on the container industry. Is this happening to you frequently? As Angeliki mentioned earlier, today, the Navios Containers unitholders approved the measure of Navios Partners. 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. The information set forth herein should be understood in light of such risks. Angeliki Frangou (born 1965) (Greek: ) is a Greek shipowner. The floor is now open for questions. You may now disconnect. 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. Please. The average Q3, 2021 time charter equivalent rate achieved per segment was Bulkers, $28,926 per day. We also agreed to sell for vessels having an average age of 13 years for a total sales price of $42.8 million. Angeliki N. Frangou is Chairman of the Board, Chief Executive Officer of Navios Maritime Holdings Inc. 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. 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. $690 million of contracted revenue. People seem to have concluded that you cannot reliably provide goods if the system has a single point of failure. She also serves as the Chairman and Chief Executive Officer of Navios Partners L.P. and Navios Maritime Acquisition Corporation. It's more diversified, you're thinking about basically moving forward with an even lower level of leverage than you have. The increase was mainly due to the 32.3% increase in available days of 2020. And you need to be always running the different scenarios. To read more about DN Media Group, We actively renew and expand our fleet. 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. Vessels over 20 years of age are 11.3% of the total fleet, which compares favorably with a low orderbook. Then, Mr. Achniotis will provide an operational update and the industry overview. As shown on Slide 5, 2021 has been a transformational year as we expanded in new segments. Net debt to book capitalization was 40% at the end of the year. Navios' fourth company, Navios South American Logistics Inc., owns and operates the largest independent dry port in the Hidrovia region of South America and one of the largest independent liquid ports in Paraguay. Turning to Slide 12. 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. But don't forget, we are 86% of our available days open on drybulk. Based on yesterday's closing price of Navios Containers units, our investment amounts to over $110 million. 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. The net book is expected to close on March 31, 2021. Navios Partners does not assume any obligation to update the information contained in this conference call. Net loan-to-value is about 28.3% in an asset base estimated at over $4.5 billion. 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. The company reworked its operations in offices and on board the vessels and hired a new medical team to monitor the health of all employees and crew. In that context, and thinking of deploying capital in the future, we've talked about how maybe tankers is an appealing asset class to go after because it's the bottom of the market to an extent. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. This is unique. More specifically, we have contracted our six newbuilding containerships delivering in 2023 and 2024 for five years at an average rate of $37,050 net per day generating about $420 million of contracted revenue. 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? The financial information is included in the press release and is summarized in the slide presentation available on the Company's website. 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. 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. As a reminder, this conference call is being webcast. Turning to Slide 14, I will briefly discuss some key balance sheet data as of September 30, 2021. The average combined Q3, 2021 franchise equivalent rate of our vessels increased by 79%, $24,447 per day. 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. 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. Vaccine roll-outs, continued fiscal stimulus and governmental infrastructure projects will continue to support economic growth. 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. That is - there is no one formula to this.

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