angeliki frangou husband

And we have seen it. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. Becky Anderson, one of CNN International's highest profile anchors, interviewed Angeliki Frangou at Navios' offices in Piraeus, Greece to discuss the global rise of the Navios Group of Companies and her career achievements. We will be profitable in Q4 as contracted revenue exceeds total expenses by $57 million. About a third of our fleet operate in each of the drybulk, containerships and tanker segment. We aspire to have zero emissions by 2050. 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. So a few questions around this. Angeliki N. Frangou served on 1/29/2019, answer due 2/19/2019; George Malanga served on 1/29/2019, answer due 2/19/2019; Navios Maritime Holdings, Inc. served on 1/29/2019, answer due 2/19/2019; John Stratakis served on 1/29/2019, answer due 2/19/2019. But most important is we need to have the right conditions. Mortgage Notes (the "Ship Mortgage Notes") next month followed by $155 million in 11.25% Senior Secured Notes in August (the "Senior Secured Notes"). This conference call should contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Partners. As previously mentioned, stimulus measures have caused recovery of consumption in the advanced economies. 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. And that's likely to grow here as we look ahead with the time charters you just announced on the containers. Maritime shipping is the most environmental friendly means of transportation as it is the most carbon efficient mode of transport. If we find opportunities, we can always expand. We understood that with over 4,000 sailors at sea, when the phone rang, we had to answer it. I think that will give us a long-term view on the right. You have a huge fleet, and you have a break-even per open day of 2,460. The remaining 34% of available base that are open all on indexing chargers provided with more upside. And overall we like to have a low leverage. 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. But also, would like to also use the excess in deleveraging. First, Ms. Frangou will offer opening remarks. So, starting off with the merger, your fleet is clearly massive, it's diverse. 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. 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). 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. The information set forth herein should be understood in light of such risks. Ms. Fleet utilization for the fourth quarter of 2020 was almost 100%. Our merger with Navios Maritime Containers was approved and is expected to close on March 31, 2021. Or is this purely a fleet renewal play? I am pleased with our results for the third quarter of 2021. The BDI average for Q3 was 3,732, the highest quarterly average since 2008. Slide 13 shows the details of our combined fleet, giving effect of the merger of Navios Containers. EBITDA and net income for the first nine months of 2021 include an $80.8 million gain from equity in net earnings of affiliated companies, a $48 million bargain purchase gain upon obtaining control of Navios Containers and Navios Acquisition, a $30.3 million gain related to the sale of seven of our vessels, and $2.9 million transaction cost in relation to the merger with Navios Acquisition. Meanings for Angeliki Frangou A popular Greek shipowner and Director who served as a Chief Executive Officer of Navios Maritime Holdings. Navios Maritime Partners L.P. (NYSE:NYSE:NMM) Q4 2020 Earnings Conference Call March 24, 2021 08:30 AM ET Company Participants Angeliki Frangou - Chairman & CEO Stratios Desypris - CFO. We consolidated our separate activities in dry bulk and in containers and in tanker under one roof. And how will you balance that with maybe unit repurchases as you're still trading at a pretty massive discount to NAV. As a reminder, this conference call is being webcast. 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. 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. As you can see on Slide 4, pro forma for the merger, NMM will have 85 vessels. And it was somewhat opportunistic at the time, they were on a speculative basis I guess or at least orders without charters. We are 86, which I think is a rather big percentage for our drybulk to be open. Vietnam and other Southeast Asian countries, increased coal imports by 13%. 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. If these conditions happen, the next thing on the market, on the debt, I think we are in a - we can both allocate on reduction of our debt and also on actually providing to our investors. We stand at the crossroads, perhaps the crossroads of history. $690 million of contracted revenue. Additionally, we are positioning our dry bulk fleet for what we hope will be a strong balance of 2021. This will be a transformative transaction for Navios Partners and will carry the significant benefits of diversification. 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. So basically we can fix and you have seen in the container segment we fix multi-year contracts. You can read more about how we handle your information in our privacy policy. Thank you, Stratos. This resulted in a reduction of interest expense for 2020 by approximately $15 million compared to 2019. Trial in London this week will aim to settle the siblings' complicated business arrangements. Here you fix them for the 37,000 a day, which, as I run the numbers, it looks like a 5-year payback, which sounds pretty substantial given these are new buildings. Going forward, a merger between the company and Navios Maritime Partners is still likely with Ms. Frangou grabbing a large stake in the combined entity. Ms. Frangou also spends a significant amount of time cultivating new and existing commercial relationships with financial institutions, industrial partners and shipyards. Shipping is always very, very profitable. 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. We have currently fixed 66% of our 29,526 available days for 2021. The oldest executive at Navios Maritime Acquisition Corp is Brigitte Noury, 66, who is the Independent Director. So, it's not that we are basically - it's not a number, but you will need to do, you know, sell and manage the technology. The 2020 decrease is mainly attributable to Indian and Chinese imports declining by 13.8%, respectively. 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. Big picture just, you should understand that all the inefficiency is net positive for our business. 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. New York-listed bulker owner Navios Maritime Holdings has room to lower debt further after a very profitable fourth quarter. So you will see that we are almost 100% fixed on both sides, both in the dry bulk but also the container side. 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. 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. So all these unique things that we see on the supply chain happening, these vessels we think is a good match. Even with the increase in new building orders, demand is forecast to outpace net fleet growth in both 2021 and '22. Moving from strength to strength in our drybulk segment, we continue to benefit from a strong spot market with 87% of our 2022 available days exposed to market rate and we remain positioned to fix vessels on attractive period charters are available. Is this happening to you frequently? Sure. Slide 10, details our strong operating free cash flow potential. Such forward-looking statements are based upon the current beliefs and expectations of Navios Partners management and are subject to risks and uncertainties, which would cause actual results to differ materially from the forward-looking statements. Overall our diversified platform should provide flexibility, allowing us to capitalize across segment opportunities. The current orderbook is 8.3% of the fleet. The above increase was partially -- the above decrease was partially mitigated by the $7.4 million increased revenues discussed above and $1.3 million decrease in Time Charter and volume expenses and a $1.1 million increase in net other income. hen she referred to the Russian invasion of Ukraine and emphasized that the consequences of this war and the related sanctions are accelerating inflation and rising interest rates. Finally, turning to Slide 26, product tanker net fleet growth projected at 2.4% for 2021 and only 1.9% for '22. At this point, I would like to turn the call over to Mr. Stratos Desypris, Navios Partners' CFO, who will take you through the results of the Fourth Quarter and Full Year of 2020. As a result we fixed 88.1% of our available containership days for 2022 and have $1.6 billion in total contracted revenue on charters extending through 2030. 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. Thank you. The large entity will benefit from a simplified capital and an organizational structure, thereby, reducing costs. But purely the volatility that we show create, you know, people are still waiting to make an assessment on period. As a result, we re-imagined the modern shipping company. Thanks, Angeliki. We believe the sum is significantly more resilient than the individual parts. Diversification takes advantage of global trade patterns and Slide 8 illustrate this. Please turn to Slide 26, focusing on the container industry. So we're creating this with this different two tier financing. 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. First, the pandemic highlighted the weakness of just in time manufacturing. Such risks are more fully discussed in Navios Partners filings with the Securities and Exchange Commission. And today we fix over four years, and you know with 2.5 times the rate. We have majority independent directors and independent committees, not to say our management operations. 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. 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. In 2017-18, Ms Frangou took advantage of lower asset prices to acquire 12 bulkers for mother company Navios Maritime Holdings and another 12 for Navios Partners. Document filed by Norman Roberts. Nikos Fragos and daughter Angeliki Frangou Greek Shipping Awards and TradeWinds Wealth: $192 million (151 million) Industry: Shipping Nikos started Good Faith Shipping Co in 1966. At this time, I'm showing no further questions. Angeliki Frangou has been Navios Logistics' Chairwoman and a Member of the Board of Directors since its inception in December 2007. As you can see in the blue box on the lower right, increases in demand for goods, port congestion and restocking will lead to container demand growth of 6.3% in 2021, and 3.9% in '22. The Convertible Debentures have a term of five years and bear interest of 4% PIK payable at maturity, if not earlier converted. The large entity will benefit from a simplified capital and an organizational structure, thereby, reducing costs. In addition, Ms. Frangou has been the Chairman and Chief Executive Officer of Navios Maritime Partners L.P. (NYSE: NMM), an affiliated limited partnership, since August 2007, the Chairman and Chief Executive . You mentioned that you sold the 2006 Panamax, but still have a handful of 2004 and 2005 built vessels. Thank you, George. How Angeliki Frangou became the leading Greek shipping . So we went to work, Chairwoman and Director of Navios Maritime Holding Angeliki Frangou stated speaking at the private dinner she hosted during the Posidonia 2022. Is this happening to you frequently? We are about two years below industry average. 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. The increase was mitigated by 20.9% decrease in the Time Charter Equivalent rate achieved in 2020. Pro forma for the merger, our company will be 1 of the 10 largest public listed dry cargo fleet. Navios uses cookies on this website. And that one other thing we have done is we have about $1.5 billion in, I mean, Eri will give the exact numbers, but $1.5 billion on debt. 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. 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. On the S&P, we have sold the 2006 Panamax, Panamax vessel for $14 million. 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. Excellent. 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 floor is now open for questions. 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. 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 IMF projects global GDP growth at 5.9% for 2021 and 4.9% for '22. Year-to-date in 2021 our fleet increased by 163% in terms of number of vessels to 88 net vessel additions. That is - there is no one formula to this. over to Navios Partners' Chairman and CEO, Mr. Angeliki Frangou. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. 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. We have - we see the potential, but we see - we need to see it materialize. Focus are also for growth in iron ore imports around the world as the effects of the pandemic received. And then going forward, which subsector would you maybe look to grow? We'll go next to Omar Nokta, Clarksons Securities. $12.8 million is adjusted net income and $1.12 is adjusted earnings per unit. Chinese steel production surpassed the 1-billion tons mark in 2020. Demand is forecast to outpace net sales growth in both 2021 and '22. 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. Please disable your ad-blocker and refresh. 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,. As CFI box rates have climbed 222% from April 2020 to March '21, spread by the earlier start of the Chinese equality and from continuing demand for consumables and pandemic related supplies worldwide. Our diversification strategy creates resilience in the overall business model and enable us to mitigate individual segment volatility. Angeliki? in Stamford Chief executive Angeliki Frangou has further grown her stake in Navios Maritime Holdings by converting more bonds into shares as part of a massive refinancing that closed at the. The addition also provides flexibility in our operational and financial strategies as we charter, sell and purchase vessel and obtain debt finance. We have finalized an additional $58 million loan, which will be used to finance the acquisition of 2 vessels and refinance an existing facility. 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. It should be noted that about 73% of the orderbook is for 13,000 TEU vessels or larger. Excluding these items, total adjusted EBITDA for Q3 amounted to $145 million compared to $31 million for the same period last year. Service was accepted by Israel David. 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. If you have an ad-blocker enabled you may be blocked from proceeding. Our cash balance was at $141.2 million as of September 30, and we have 28.3% in net LTV. For the fourth quarter, we generated $35.5 million in adjusted EBITDA. So basically, we have a fortress balance sheet. Angeliki N. Frangou is Chairman of the Board, Chief Executive Officer of Navios Maritime Holdings Inc. As you can see from the top graph on the space, the IMF expects global GDP to grow by 5.5% in 2021. The financial information is included in the press release and is summarized in the slide presentation available on the Company's website. At the same time, being active in multiple sectors reveals opportunities. Angeliki? 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. Ladies and gentlemen, this does conclude today's conference call. But we have the luxuries. Definitely looks well-timed and a good overall return. Our office had to remain open. For the fourth quarter, Navios Partners reported revenue of $69.2 million and adjusted EBITDA of $35.5 million. To access the webcast please go to the Investors section of Navios Maritime Partners website at www.navios-mlp.com. Adjusted net income for the quarter amounted to $12.8 million. Adjusted net income for the first nine months of 2021 amounted to $242 million compared to a $2.9 million loss for the same period last year. Angeliki Frangou. If you have an ad-blocker enabled you may be blocked from proceeding. I wrote this article myself, and it expresses my own opinions. According to our Database, She has no children. Moving to the 12-month operations. Our merger with Navios Containers increased our containerships by 29 vessels.

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