angeliki frangou husband

And then I guess on the other hand, any plans for further growth in either of the three sectors that you now have exposure to? 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. If you have an ad-blocker enabled you may be blocked from proceeding. Yet we still have 2,473 open or index-linked days. And lastly, we'll open the call to take questions. From November 1st DN Media Group is responsible for controlling your data on TradeWinds. 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. 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. In Slide 11, you can see the strength and stability of our balance sheet. 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. Is this happening to you frequently? This is unique. Navios Maritime: Bail-Out To Result In Frangou Regaining Control Yes, totally understand the benefits to sort of the market capacity and rates. Turning to Slide 14, I will briefly discuss some key balance sheet data as of September 30, 2021. Sure. 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. We have been taking advantage of robust market, NMM has $2.2 billion of contracted revenue. 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. In particular, the extremely tight availability of Panamaxes, combined with poor congestion, increasing trade and lack of new buildings has proper period time charter rates to keep 13-year highs of $37,000 per day for periods after a year. Please turn to Slide 21 focusing on the container industry. Long-term borrowings, including the current portion, net of deferred fees amounted to $486.9 million. I wrote this article myself, and it expresses my own opinions. Angeliki Frangou: A Greek shipping magnate who sails into the wind A London High Court trial is under way in a complex dispute between Greek shipowner Angeliki Frangou and her brother, John Frangos. Net fleet growth is expected to remain low over the next 3 years, as the order book is the lowest or effort. Ladies and gentlemen, this does conclude today's conference call. On average, we are approximately just over $15,000 chartered on the dry side and around $17,000 on the containerships. Our fleet consists of 49 dry bulk vessels and 26 Containerships. Just to remind you, for your modeling purpose, so just to remind you that Navios containers the full results will be included in our results from first April as the measure is expected to close on March 31. Moving to the first nine month 2021 period, time charter revenue reached $445 million compared to $158 million in 2020. Also, we agreed to acquire a new building Capesize vessel for $31.6 million. So, how much is Angeliki Frangou worth at the age of 56 years old? However, the pandemic broke the logistics chain and basic materials had to be airlifted to combat shortages. All grain production this year will reach a record according to the international gains counting and the USDA. I will briefly review Navios' financial results for the Fourth Quarter and Year Ended December 31, 2020. And lastly, we'll open the call to take questions. Now I turn the call over to Navios Partners' Chairman and CEO, Mr. Angeliki Frangou. But together with our contracted revenue of $2.2 billion, provides an enduring platform with significant upside potential. I have no business relationship with any company whose stock is mentioned in this article. Navios Maritime Holdings: Near-Term Debt Maturities Unlikely To Be An I think the - you can find one year versus three year, you have basically today discovering hugely. First, Ms. Frangou will offer opening remarks. The container segment began strengthening in the third quarter of 2020, while the dry bulk market become turning in 2021. Post pandemic stimulus measures in the advanced economies and increasing industrial production has fueled demand for the three major bulk cargos, specifically the iron ore global trade is expected to grow by 3.4% in 2021 and 2.4% in '22. click here. What will it take to increase the distribution? Please turn to Slide 18. How to pronounce Angeliki Frangou | HowToPronounce.com 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. No, yes, that makes sense. The battle follows four legal notices filed by Frangos in. Navios Partners does not assume any obligation to update the information contained in this conference call. And you don't see the 3-year market developing. Worldwide grain trade has been growing by over 5% CAGR since 2008 mainly driven by Asian demand, which increased by 15% in 2020 and is expected to increase a further 2.9% in '21. Post-merger NMM will have approximately 19.7 million units outstanding. The increase was mitigated by 20.9% decrease in the Time Charter Equivalent rate achieved in 2020. Our fleet is in the top-10 publicly listed dry cargo fleet globally, as measured by a number of vessels. The transaction based scale through a larger diversified asset base with an increased earning capacity. So, basically what we want to see is number one, this market drybulk to materialize, which we are bullish about it. 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. Frangou previously served as Chairman, Chief Executive Officer, and President of International Shipping Enterprises, Inc., which acquired . 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. In the East China is struggling with its zero Covid strategy.. Just trying to understand how the fee through there. 2021 2023 Navios South American Logistics Inc. All rights reserved. Greek 'bride' celebrates her 103rd birthday in Australia So basically we can fix and you have seen in the container segment we fix multi-year contracts. In conclusion, positive demand fundamentals, mainly due to the start of economic activity around the world, along with reduced fleet availability, should continue to support both the dry bulk and containerized shipping industries in their continuing effort to mitigate through raising pandemic stall. 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. Through this S&P activities we increased our fleet size and reduced average age for our existing segments. Please turn now to Slide 24 for the review of the tanker industry. In just the last month, sub trade time charter rates have hit 10-year highs in what is normally a seasonal low period. Maritime shipping is the most environmental friendly means of transportation as it is the most carbon efficient mode of transport. Vaccine roll-outs, continued fiscal stimulus and governmental infrastructure projects will continue to support economic growth. We see good - we see a good market potential, but we have to see it realize. Net loan-to-value is about 28.3% in an asset base estimated at over $4.5 billion. To read more about DN Media Group, Please turn to Slide 19. The increase was mainly due to the 32.3% increase in available days of 2020. Will you order those ships and then subsequently contracted them and now you have basically a five year, maybe 5.5 year payback. 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" ). 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. Navios Holdings eyes further debt cuts in 'favourable' markets But we have the luxuries. I mean when we did the transaction we - when we did the transaction we're about 35%, we increased our debt to about 35%. The benefits of diversification are reflected in recent market activity. We aspire to have zero emissions by 2050. If you look at the graph on the right, net fleet growth is focused to be 2.6% this year and only 0.7% for '22. 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. At Navios, the pandemic galvanized us. However, [indiscernible] quarters along with global oil demand returning to 2019 levels have brought OECD inventories below their 5-year average. Thereby accumulating significant scale in a short period of time. You can pay down debt aggressively, you can reward shareholders aggressively and you can actually acquire assets fairly aggressively. This completes our quarterly result for NMM. By continuing to use this website, you agree to the use of cookies as set out in our full policy. Our cash balance was $141.2 million as of September 30, and we have 28.3% in net LTV. At the same time, being active in multiple sectors reveals opportunities. Turning to Slide 12, you can see some fleet and debt updates. 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. 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. Instead, interest payments will have to be made in the form of new, unsecured convertible debentures (the "Convertible Debentures"). We consolidated our separate activities in dry bulk and in containers and in tanker under one roof. We have fixed 10 of our containerships for long durations, creating approximately $690 million in contracted revenue. In concluding, the tanker market continues to remain challenged, following reduced crude and product demand associated with COVID restraints. But overall, today the biggest thing that we have to see is that we have created operationally a unique platform. The oldest executive at Navios Maritime Acquisition Corp is Brigitte Noury, 66, who is the Independent Director. Turning to Slide 25, VLCC net fleet growth is projected at 3.6% for 2021 and only 1.6% for '22. Our merger with Navios Maritime Containers was approved and is expected to close on March 31, 2021. For the fourth quarter, we generated $35.5 million in adjusted EBITDA. We will be profitable in Q4 as contracted revenue exceeds total expenses by $57 million. Part 1 of the interview examines Angeliki Frangou's start in business and development of the Navios Group of Companies. Angeliki? There are 2 older and 5 younger executives at Navios Maritime Acquisition Corp. Then, Mr. Achniotis will provide an operational update and the industry overview. Navios has deescalating [indiscernible] options on the vessels starting in year 4 before the charter generation. 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 have capitalized on the strength of the Container Ship market and fixed almost 90% of our available container days for 2021, enjoying healthy rates. Lastly, we have a strong balance sheet with low leverage. She is not dating anyone. Thank you, Daniella, and good morning to all of you joining us on today's call. Moreover, the large asset base will provide the entity a significant parcel of collateral value. In addition, Ms. Frangou has been the Chairwoman and Chief Executive Officer of Navios Partners (NYSE: NMM), an affiliated limited partnership, since August 2007. More recently the freight market has corrected on the back of Chinese winter steel production limits and power shortages due to unavailability of gas and coal. And I think on a - it seems to be that Q3 was the low part of the tanker segment, and we are seeing the market slowly recovering. Adjusted EBITDA for 2020 amounted to approximately $100 million compared to $120 million 2019. What is unique - what we like about this is vessel is about in the [indiscernible] flexible vessel at 260 meters, very nice dimensions, you can actually take advantage of the point to point transportation that is now developing the difference on the supply chains and from - and all these, you know just in time to just in case. 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. The pandemic substitution of goods for services is returning to more normal levels; expenditures for travel and entertainment and services generally are skyrocketing. And it was somewhat opportunistic at the time, they were on a speculative basis I guess or at least orders without charters. Angeliki Frangou Net Worth Her net worth has been growing significantly in 2020-2021. 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? Ms. Frangou has also been the Chairwoman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM). But on this containership opportunity, how repeatable could you say that deal is? We also agreed to sell for vessels having an average age of 13 years for a total sales price of $42.8 million. Thank you, Doris, and good morning to all of you joining us on today's call. The current orderbook is 8.3% of the fleet. 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. 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. Our cash balance was at $141.2 million as of September 30, and we have 28.3% in net LTV. You have a huge fleet, and you have a break-even per open day of 2,460. So this is a big investment for Q3. Turning to Slide 12. I wrote this article myself, and it expresses my own opinions. EN English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk Unknown The . 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. Turning to Slide 20. Angeliki Frangou (the "Reporting Person") is a Greek Citizen with a principal business address at 85Akti Miaouli Street, Piraeus, Greece 185 38. Actually, what we are doing is repositioning a fleet. So you will see the effect of the results in April 1 and going forward. During the quarter ended September 30, 2021 we had 9,027 available days compared to 4,499 days for Q3, 2020. First Navios Maritime suit ended with revised offer. We agreed to acquire 2 2012 bill oil gas vessels or approximately $59.3 million. Angeliki Frangou is 55, she's been the Chairman of the Board and Chief Executive Officer of Navios Maritime Acquisition Corp since 2008. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Frangos claims his sister owes his company, First Lines, $1.18m, TradeWinds is part of DN Media Group. Demand and restocking is expected to prove demand growth well above net fleet growth, supporting the recent dramatic rising rates. Overall our diversified platform should provide flexibility, allowing us to capitalize across segment opportunities. 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. In addition, Russia and Ukraine account for about one third of the global wheat supply and 186.7 million tons of seaborne coal. 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. You need to wait and see that market develop. The holder of the Convertible Debentures will be entitled to vote on an "as converted" basis along with the company's common shareholders. I think the number one is that, what we see is a good positioning on the company. Net debt/book capitalization was at a comfortable level of 41.7%. 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. 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.Ms. We have about - commercial banks, about $600 million in Japanese and Chinese leases, which provides us more easier covenant. Okay. Angeliki? http://edition.cnn.com/video/#/video/business/2013/02/12/leading-women-angeliki-frangou-navios-shipping.cnn, http://edition.cnn.com/video/#/video/business/2013/02/19/leading-women-angeliki-frangou-daniela-mercury.cnn, http://edition.cnn.com/SPECIALS/leading-women. [Operator Instructions] We take our first question from Randy Giveans with Jefferies. Ms. So - we went to work," Chairwoman and Director of Navios Maritime Holding Angeliki Frangou stated speaking at the private dinner she hosted during . Please move to Slide 9 which provide some selected segment data. 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. 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. Just wanted to actually ask about how you're thinking about the capital structure from here. Yes, thank you. Is this happening to you frequently? We are focusing on taking advantage of the different fundamentals across the sector we operate to maximize profitability. Navios corporate chairwoman Angeliki Frangou and other executives combined a tender offer last month for the outstanding American depository shares at a fraction of the unpaid dividends' value . Included in this adjustment is a $42.6 million impairment on our investment in Navios Containers, bringing its book values to approximately $25 million. Furthermore, protocols for contactless operations and repatriations have been created and IT systems were overhauled to facilitate all these. Our net debt to capitalization is 43.5%, and our debt maturities are targeted through 2030. Overall, world grain sales increased by 7.7% in 2020 is expected to increase by about 2% in '21. Net debt to book capitalization was 40% at the end of the year. All right, second question, looking at Slides 11 and 14, clearly showing the strength of your balance sheet, you mentioned earlier in the call, your fixed charter backlog is giving you pretty substantial cash flow visibility, very low spot day break-evens. Please. From November 1st DN Media Group is responsible for controlling your data on TradeWinds. We aspire to have zero emissions by 2050. As a result, we re-imagined the modern shipping company. NMM has an enhanced base to generate free cash flow. The net book is expected to close on March 31, 2021. It doesn't indicate, now on actual investment, we just completed a $1 billion investment, 45 vessels in the tanker segment. 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. And we have seen it. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. At Navios, the pandemic galvanized us. 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. Our Board is composed by majority Independent Directors and Independent Committees that oversee our management and operations. Now I will review the safe harbor statement. The IMF projects global GDP growth at 5.9% for 2021 and 4.9% for '22. 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 . Food security issues driven by the pandemic as well as increasing broadening demand worldwide. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. LEADERS Interview with Angeliki Frangou, Chairman and Chief Executive The move would be a financial windfall for Frangou, who owns 30.6%, TradeWinds is part of DN Media Group. I note that we were able to sell these vessels for a book gain in this excellent market as we manage our rate profile.

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