So you will see that we are almost 100% fixed on both sides, both in the dry bulk but also the container side. 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. 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. Thereby accumulating significant scale in a short period of time. 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 . And you need to be always running the different scenarios. She also serves as the Chairman and Chief Executive Officer of Navios Partners L.P. and Navios Maritime Acquisition Corporation. Our 2021 contracted revenue exceeded our total fleet expenses by $12.6 million, with more than 1/3 of our available base open and index linked, there is an ample opportunity to provide further free cash flow. So you always have to be very alert to see what is the best area where the opportunity lies. I think the - you can find one year versus three year, you have basically today discovering hugely. We have - we see the potential, but we see - we need to see it materialize. To read more about DN Media Group, This is unique. This concludes my presentation. This resulted in a reduction of interest expense for 2020 by approximately $15 million compared to 2019. 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. And we have seen that, we have $1.6 billion contracted revenue on containers, $2.2 billion overall on the company. 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" ). 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. About 91% of our debt is covered by the scrap value of our vessels alone. Vietnam and other Southeast Asian countries, increased coal imports by 13%. 2021 drybulk trade is projected to increase by 4.5% and further increase by 2.9% in '22. For the full year of 2020, Navios Partners reported revenue of $226.8 million and adjusted EBITDA of $99.8 million. And also we have to see that target, which we also see a good potential to actually happen. Early life and education [ edit] The new loan will have an interest of 3% above LIBOR and amortization profile of about 5 years and maturity in the second quarter of 2025. The vessel we expected to be delivered in the second half of 2022. Our fleet consists of 49 dry bulk vessels and 26 Containerships. Or is this purely a fleet renewal play? Please turn to Slide 4. As shown on Slide 5, 2021 has been a transformational year as we expanded in new segments. Our office had to remain open. 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. For containerships, we increased fleet size by 330% and reduced average age by 24%. I'm also proud to be working with the social countries group whose core values include diversity in [indiscernible] and safety. 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. 67 WALL STREET, New York - September 27, 2012 - The Wall Street Transcript has just published its Transportation and Logistics Report offering a timely review of the sector to serious investors and industry . 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. 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. You building contracting was down 56% in 2020 compared to '19. It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/26/leading-women-angeliki-frangou-daniela-mercury.cnn. Trial in London this week will aim to settle the siblings' complicated business arrangements. 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. We are 86, which I think is a rather big percentage for our drybulk to be open. 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. 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. own rates rose dramatically from midyear 2020, led by the China to the U.S. West Coast and China to Europe freight rates as depicted on the chart on the lower rides. Yet we still have 2,473 open or index-linked days. At the same time, being active in multiple sectors reveals opportunities. Got it. Read more about DN Media Group here. Is this happening to you frequently? The benefits of diversification are reflected in recent market activity. Please turn to Slide 5. $12.8 million is adjusted net income and $1.12 is adjusted earnings per unit. 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. Other than envisioned by me, the Navios Group's largest and financially strongest publicly-listed entity, Navios Maritime Partners (NYSE:NMM) or "Navios Partners" won't be part of the bail-out, at least not at this time. Both related-party loans have a term of four years and won't require cash interest or amortization payments for an initial 18-month period (the "PIK Period"). The 2020 decrease is mainly attributable to Indian and Chinese imports declining by 13.8%, respectively. Now I will review the safe harbor statement. But most important is we need to have the right conditions. Rates in all asset classes rose sharply reflecting surging trade driven by strong demand for both major and minor bulk commodities. Turning to Slide 14, I will briefly discuss some key balance sheet data as of September 30, 2021. The net book is expected to close on March 31, 2021. 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 benefits of diversification are reflected in recent market activity. At the same time, but there is increasing industrial production and economic growth in China. As Angeliki mentioned, earlier the merger with Navios Acquisition was completed on October 15, 2021. Navios Partners does not assume any obligation to update the information contained in this conference call. Vessels over 20 years of age are about 8.6% of the total fleet, which compares favorably with the historically low orderbook. To access the webcast please go to the Investors section of Navios Maritime Partners website at www.navios-mlp.com. The Leading Women with Becky Anderson Series can be viewed online at: http://edition.cnn.com/SPECIALS/leading-women. Frangos claims his sister owes his company, First Lines, $1.18m, TradeWinds is part of DN Media Group. 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. Angeliki Frangou is 55, she's been the Chairman of the Board and Chief Executive Officer of Navios Maritime Acquisition Corp since 2008. All vessels are expected to be delivered in the second half of 2022. Navios is a socially conscious group with core values include diversity, inclusion, and safety. The decrease is primarily due to a $25.5 million increase in vessel operating expenses, mainly due to the increased split, a $3 million increase in general revenue of tax expenses, mainly due to the increased fleet and a $1.4 million decrease in equity net earnings of affiliate companies. The recently completed merger with Navios Acquisition gave us a strong foothold in this tanker sector with 45 tanker vessels. Angeliki? Importantly, the precent of decrease perhaps understates the impact. The increase were mitigated by a 17.4% decrease in the time charter equivalent rate achieved in the fourth quarter of 2020. Big picture just, you should understand that all the inefficiency is net positive for our business. As to our balance sheet update, we are in advanced discussions to finalize a $116 million loan to refinance in upcoming months and upcoming maturities in the third quarter of 2021. Angeliki Frangou. As you can see from the top graph on the space, the IMF expects global GDP to grow by 5.5% in 2021. Partners financial results. 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. 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. 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. 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. Moreover, Navios optimizes its flexible chartering strategy to leverage on fundamentals across its three sectors and calibrate charter 10 based upon segment opportunity. It's more diversified, you're thinking about basically moving forward with an even lower level of leverage than you have. 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. 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. 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. TradeWinds is part of DN Media Group AS. 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. And we always get - we get advantage of this on the long-term period because they need of turner. Its impossible to know what this all means, she underlined, adding that there are too many potential consequences to digest and analyze. People seem to have concluded that you cannot reliably provide goods if the system has a single point of failure. Definitely sounds like you have the flexibility across the board with that. 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. So, how much is Angeliki Frangou worth at the age of 56 years old? Let's not forget that the containership sector has been -- the container sector has recovered from second half of last year versus dry bulk as more this year that we are experiencing a much a different potential. Instead, interest payments will have to be made in the form of new, unsecured convertible debentures (the "Convertible Debentures"). And we always get - we get advantage of this on the long-term period because they need of turner. NMM is well positioned to benefit from the different sector fundamentals. 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. 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? And then now that, obviously, the dry bulk and containership markets are both extremely strong. Churchs Annual Stewardship & Mistletoe Gala. Net debt/book capitalization was at a comfortable level of 41.7%. Thank you, George. Please turn to Slide 23. We do not see this easing anytime soon, but we are watching it carefully, Angeliki Frangou concluded. The large entity will benefit from a simplified capital and an organizational structure, thereby, reducing costs. The current orderbook is 8.3% of the 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. However, it should be noted that current rates are still above two times the 10-year averages. 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. Everything works well, as long as the logistics chain is unchallenged. It doesn't sound like it has, but curious if there's any sort of hold back because of that lack of visibility. 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. We have question from the line of Randall Giveans of Jefferies. 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. Vaccine roll-outs, continued fiscal stimulus and governmental infrastructure projects will continue to support economic growth. We also continued to renew and expand our fleet. As Angeliki mentioned earlier, today, the Navios Containers unitholders approved the measure of Navios Partners. Ms. Frangou has also been the Chairwoman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM). Sometimes it's in newbuildings, sometimes it's in secondhand vessels in different sectors. A London High Court trial is under way in a complex dispute between Greek shipowner Angeliki Frangou and her brother, John Frangos. In Slide 11, you can see the strength and stability of our balance sheet. For the full year of 2020, Navios Partners reported revenue of $226.8 million and adjusted EBITDA of $99.8 million. The current order book stands at a record low of 5.7% of the fleet. Net fleet growth is expected to remain low over the next 3 years, as the order book is the lowest or effort. You mentioned that you sold the 2006 Panamax, but still have a handful of 2004 and 2005 built vessels. I'll now pass the call to George Achniotis, Executive Vice President of Navios Development, to discuss the [indiscernible]. 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. The BDI average for Q3 was 3,732, the highest quarterly average since 2008. Cash and cash equivalents was $30.7 million. During the quarter ended September 30, 2021 we had 9,027 available days compared to 4,499 days for Q3, 2020. We don't have much information about She's past relationship and any previous engaged. 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. As of September 30, we had a total cash of $141.2 million and borrowings of $1.4 billion. I will briefly discuss on key balance sheet data as of December 31, 2020. Asian coal imports, which account for over 80% of the world's imports trade, are expected to increase by 4.3% in 2021, following a decline of 6.8% in 2020. Of course we also entered into the crude and product tanker segment. This will be the highest digital rate in the past 50 years. Finally, we have very strong corporate covenants at corded efforts. Thank you, Daniella, and good morning to all of you joining us on today's call. The move would be a financial windfall for Frangou, who owns 30.6%, TradeWinds is part of DN Media Group. Widely-respected Fortune magazine included Greek shipowner and businesswoman Angeliki Frangou in the list with the 25 most powerful women in the world for 2014. All grain production this year will reach a record according to the international gains counting and the USDA. We agreed to acquire 2 2012 bill oil gas vessels or approximately $59.3 million. Today NMM is one of the largest U.S. publicly listed shipping companies with 15 vessel types diversified across three segment and servicing more than 10 end markets. In this limited sphere we are optimistic.