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We have very strong corporate governance and clear code of ethics. Based on yesterday's closing price of Navios Containers units, our investment amounts to over $110 million. We also anticipate that diversification and scale should make NMM a more attractive investment platform as we take advantage of global trade patterns. Overall our diversified platform should provide flexibility, allowing us to capitalize across segment opportunities. 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. The Leading Women with Becky Anderson Series can be viewed online at: http://edition.cnn.com/SPECIALS/leading-women. Angeliki Frangou (nee Papi) was born in Ikaria in November 1915. . So, how much is Angeliki Frangou worth at the age of 56 years old? Navios Partners controls 142 vessels with balanced exposure to the drybulk, containership and tanker segments. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. Obviously it's been a large factor in the market, but has that lack of visibility to sort of the core demand created any sort of headwind to getting business done on the container shipping - just this is actually more pertinent to the container shipping side. The IMF projects global GDP growth at 5.9% for 2021 and 4.9% for '22. For the nine months of 2021 NMM generated $445 million, $269.8 million in adjusted EBITDA and $398.6 million in net income. 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. As you can see on Slide 4, pro forma for the merger, NMM will have 85 vessels. As Angeliki mentioned earlier, today, the Navios Containers unitholders approved the measure of Navios Partners. These together with near record low orderbook could boost crude and product tanker rates in the near term. 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" ). 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. The average combined Q3, 2021 franchise equivalent rate of our vessels increased by 79%, $24,447 per day. 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. On a combined basis, about 1/3 of our available days are open or interest team providing market exposure to capture market upside. The big thing is about - we're looking at reducing further. quarter of 2020. PIRAEUS, GREECE--(Marketwire - Feb 27, 2013) - Angeliki Frangou, Chairman and CEO of the Navios Group of Companies, is featured on CNN International's Leading Women with Becky Anderson in a three Part Series airing this month. 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/CEO at Navios Maritime Holdings Inc. See Angeliki Frangou's compensation, career history, education, & memberships. Additionally, we are positioning our dry bulk fleet for what we hope will be a strong balance of 2021. I would now like to turn the call over to Angeliki for her final comments. As shown on Slide 5, 2021 has been a transformational year as we expanded in new segments. So this portfolio in order to be kept on the same age below industry average, and create, you will always have a 10, 15 vessel. 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. 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). That is - there is no one formula to this. 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. We'll take the next question from James with Citigroup. Angeliki Frangou. We believe the sum is significantly more resilient than the individual parts. According to our Database, She has no children. 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. We remain disciplined. Angeliki Frangou is Chairman and Chief Executive Officer of Navios Holdings. 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. Mortgage Notes (the "Ship Mortgage Notes") next month followed by $155 million in 11.25% Senior Secured Notes in August (the "Senior Secured Notes"). We stand at the crossroads, perhaps the crossroads of history. 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. 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. From November 1st DN Media Group is responsible for controlling your data on TradeWinds. During this time, I managed to successfully maneuver the burst of the dotcom bubble and the aftermath of the world trade center attacks as well as the subprime crisis.Despite not being a native speaker, I always try to deliver high quality research at no charge to followers and the entire Seeking Alpha community. 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? Net fleet growth for 2021 is expected at 3.5% and only 1.5% for '22 below the projected increase in drybulk demand for both years. And we always get - we get advantage of this on the long-term period because they need of turner. 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. We have about - commercial banks, about $600 million in Japanese and Chinese leases, which provides us more easier covenant. And it was somewhat opportunistic at the time, they were on a speculative basis I guess or at least orders without charters. 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. Turning to Slide 19. Please turn now to Slide 24 for the review of the tanker industry. We have fixed 10 of our containerships for long durations, creating approximately $690 million in contracted revenue. We will be profitable in Q4 as contracted revenue exceeds total expenses by $57 million. 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. 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. Such risks are fully discussed and are described in filings with the Securities and Exchange Commission. The BDI average for Q3 was 3,732, the highest quarterly average since 2008. 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. Please turn to Slide 23. In addition, Russia and Ukraine account for about one third of the global wheat supply and 186.7 million tons of seaborne coal. About a third of our fleet operate in each of the drybulk, containerships and tanker segment. The round up show premieres on the 4th Wednesday of every month. So - we went to work," Chairwoman and Director of Navios Maritime Holding Angeliki Frangou stated speaking at the private dinner she hosted during . This complete formal presentation and we open the call to questions. And to capture the spot market and wait for the period market to come. Founder of Maritime Enterprises Management SA, Angeliki N. Frangou is a businessperson who has been at the helm of 14 different companies and currently occupies the position of Chairman at IRF European Finance Investments Ltd., Chairman & Chief Executive Officer at Navios Maritime Partners LP, Chairman & Chief Executive . 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. 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. Well, thanks, Angeliki for your comments. 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. Leverage remains very low and net loan to value is 28.3% in an asset base estimated at over $4.5 billion. Slide 7 reviews our recent development. On Slide 16, you can see with our ESG initiatives. Currently in our Containership segment, given the continued strength over the market we have been locking in long-term charters. The battle follows four legal notices filed by Frangos in. Cash and cash equivalents was $30.7 million. What does the liquidity look like across the one year to three year time-frame? The large entity will benefit from a simplified capital and an organizational structure, thereby, reducing costs. So you will see the effect of the results in April 1 and going forward. Thank you. At this time, I'm showing no further questions. The vessel we expected to be delivered in the second half of 2022. Containers $22,418 per day, and Tankers $15,066 per day. We are a premier dry cargo shipping platform with about $900 million of contracted revenue. Global grain trade has been growing by 5% CAGR since 2008, mainly driven by Asian demand. While also allowing us to leverage each independent sectors fundamentals. Adjusted EBITDA for 2020 amounted to approximately $100 million compared to $120 million 2019. And we always get - we get advantage of this on the long-term period because they need of turner. 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. Cash and cash equivalents were $141 million. Please turn to Slide 19. Excluding these items, total adjusted EBITDA for Q3 amounted to $145 million compared to $31 million for the same period last year. Excellent. We aspire to have zero emissions by 2050. Our fleet is in the top-10 publicly listed dry cargo fleet globally, as measured by a number of vessels. This would lead to a pickup in scrapping in 2022 and high scrapping prices combined with IMO 2023 CO2 reduction rules may induce a portion of the overage fleet to scrap. The transaction based scale through a larger diversified asset base with an increased earning capacity. I think a low leverage is a big driver to our model. Thank you. Vessels over 20 years of age are about 7.6% of the total fleet, which compares favorably with the previously mentioned record low order book. We have been taking advantage of robust market, NMM has $2.2 billion of contracted revenue. During Q3, Navios Partners recorded revenue of $228 million, adjusted EBITDA of $145.2 million and net income of $162.1 million. We continue to renew our fleet and improve average profile. CEO and Chairwoman Angeliki Frangou recently disclosed a 40.8% ownership stake on an as-converted basis and indicated her intention to purchase additional common shares for up to $20 million. 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. Ms. Frangou has also been the Chairwoman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM). [Operator Instructions]. A London High Court trial is under way in a complex dispute between Greek shipowner Angeliki Frangou and her brother, John Frangos. Thank you, George. So you are actually creating this cash flow when the market is right. Adjusted net income for 2020 amounted to $12.8 million. NMM is differentiated by its industry-leading scale and diversified sector exposure. And we have seen it. Angeliki? Yes, totally understand the benefits to sort of the market capacity and rates. 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"). 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. Our Board is composed by majority Independent Directors and Independent Committees that oversee our management and operations. 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. 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. Now 30,000 is a very good level. We actively renew and expand our fleet. As previously mentioned, stimulus measures have caused recovery of consumption in the advanced economies. To access the webcast, please go to the Investors section of Navios Partners' website at www.navios-nlt.com. NMM has an enhanced base to generate free cash flow. But I'm talking about as a portfolio, you'd like to keep an age profile characteristics somehow on a certain level. We have been taking advantage of robust market. However, the pandemic broke the logistics chain and basic materials had to be airlifted to combat shortages. 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. We have - we see the potential, but we see - we need to see it materialize. Slide 6 goes through recent developments. 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. And this is the strategy going forward. The benefits of diversification are reflected in recent market activity. Scrapping totaled 16 million tons in 2020, almost doubles the 2019 total. The remaining 34% of available base that are open all on indexing chargers provided with more upside. 2021 2023 Navios South American Logistics Inc. All rights reserved. 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. With the help of a strong second half 2020 ended the year with a BDI averaging 1,066. And do you have a maybe preference there in terms of repurchases or distribution increase? In concluding, the tanker market continues to remain challenged, following reduced crude and product demand associated with COVID restraints. The result was a combination of the expansion of our fleet and the improved time charter equivalent rate. And also we have to see that target, which we also see a good potential to actually happen. 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. In addition, lender Navios Shipmanagement Holdings Corporation or "NSM" received an upfront structuring fee of $24.0 million and an undisclosed amount of accrued interest and prepayments fees also in the form of Convertible Debentures. The benefits of diversification are reflected in recent market activity. 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. 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. Yet we still have 2,473 open or index-linked days. Navios Partners does not assume any obligation to update the information contained in this conference call. The bailout terms will likely result in Angeliki Frangou regaining full control of her shipping empire over the next 18 months with the ultimate outcome likely a merger between Navios Maritime . Moving to the 12-month operations. I think the number one is that, what we see is a good positioning on the company. So, on that, what - after these two conditions, we are seeing as a return, a total return to our investor is an important part of our strategy. Year-to-date we expanded our drybulk fleet by 10 vessels increasing drybulk capacity by 36% and reducing its average age by 18% pre-acquisition calendar does not distract us from our balance sheet. For the fourth quarter, Navios Partners reported revenue of $69.2 million and adjusted EBITDA of $35.5 million. Navios has deescalating [indiscernible] options on the vessels starting in year 4 before the charter generation. CNN International's Leading Women with Becky Anderson airs every Tuesday on News Stream at 9:00 pm HKT/ 1:00 pm GMT / 8:00 am ET and Connect the World with Becky Anderson at 5:00 am HKT / 9:00 pm GMT / 4:00 pm ET. That said, I would still expect Ms. Frangou to reunite both companies at an opportune time in order to grab a very substantial stake in Navios Partners as laid out in detail in my previous article. This increase in demand has led to a decline in OECD crude oil inventories, which had fallen below their five year average since February, with the largest decline coming in September as shown on the graph on the lower right. Vaccine roll-outs, continued fiscal stimulus and governmental infrastructure projects will continue to support economic growth. 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. And then you mentioned the word replacement, right. One of the lowest on record. NMM has a solid balance sheet and a modest leverage, a healthy income statement and a pipeline of about $2.2 billion in contracted revenue. And we have the tanker sector that we are watching as establish. From a shipping perspective, building for resilience translates into more ton miles as things are duplicated,. Angeliki Frangou has been the Chairman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM) since August 25, 2005. 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. Additional availability of Atlantic exports to the Far East are expected to increase as steel mills replenish stockpiles. 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. Containership demand growth of 5.7% in 2021 and 3.7% in '22 is expected to exceed supply a pent-up demand for congestion, restocking and increases in consumer demand for goods all support increasing Connie volumes. The oldest executive at Navios Maritime Acquisition Corp is Brigitte Noury, 66, who is the Independent Director. I am pleased with our results for the third quarter of 2021. Part 1 of the interview examines Angeliki Frangou's start in business and development of the Navios Group of Companies. So this is a net benefit, the inefficiency. The 2020 decrease is mainly attributable to Indian and Chinese imports declining by 13.8%, respectively. Meanings for Angeliki Frangou A popular Greek shipowner and Director who served as a Chief Executive Officer of Navios Maritime Holdings. TradeWinds is part of DN Media Group AS. Is this a view on those respective markets? We have historically low break-even gives us on a 47,000 days. Fleet utilization for the fourth quarter of 2020 was almost 100%. For containerships, we increased fleet size by 330% and reduced average age by 24%. TradeWinds is part of DN Media Group AS. The information set forth herein should be understood in light of such risks. Thank you. The pandemic substitution of goods for services is returning to more normal levels; expenditures for travel and entertainment and services generally are skyrocketing. In the East China is struggling with its zero Covid strategy.. Our office had to remain open. What we have done is that, we have created a fortress balance sheet by chartering the container sector, which is extremely strong. This is unique. Over the PIK Period, I would estimate the amount of Convertible Debentures held by NSM to increase to almost $100 million, sufficient for Angeliki Frangou to regain full control of Navios Maritime Holdings. And that's likely to grow here as we look ahead with the time charters you just announced on the containers. Moreover, Navios optimizes its flexible chartering strategy to leverage on fundamentals across its three sectors and calibrate charter 10 based upon segment opportunity. Lastly within our Tanker segment, our long-term contracts provide protection and 65% of our 2022 available days remain open to capture the ongoing market recovery. We believe that this combination offers a stronger, more resilient entity mitigating sector specific cyclicality. This conference call could contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Partners. The approved merger with Navios Container is expected to close on March 31.