angeliki frangou husband

Our merger with Navios Maritime Containers was approved and is expected to close on March 31, 2021. 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. His daughter. This complete formal presentation and we open the call to questions. A London High Court trial is under way in a complex dispute between Greek shipowner Angeliki Frangou and her brother, John Frangos. Next, Mr. Desypris, will give an overview of Navios Partner's financial results. Add a meaning Wiki content for Angeliki Frangou Angeliki Frangou Add Angeliki Frangou details Phonetic spelling of Angeliki Frangou Add phonetic spelling Synonyms for Angeliki Frangou Add synonyms In just the last month, sub trade time charter rates have hit 10-year highs in what is normally a seasonal low period. Thank you. Even this metric somewhat understates the opportunity as the underlying rate market for year-to-date in 2021 is materially higher than it was on the average for 2020. I'll turn it over. 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. Angeliki Frangou Net Worth Her net worth has been growing significantly in 2020-2021. 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. 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. The approved merger with Navios Container is expected to close on March 31. Thank you for joining us for Navios Maritime Partners' Fourth Quarter and Full Year 2020 Earnings Conference Call. The event was held during . Leverage remains very low and net loan to value is 28.3% in an asset base estimated at over $4.5 billion. The pandemic substitution of goods for services is returning to more normal levels; expenditures for travel and entertainment and services generally are skyrocketing. Angeliki Frangou biography. Click to read the full policy [+]. Please turn to Slide 21. For drybulk, we increased capacity by 36% and reduced average age by 18%. Our contracted revenue alone exceeds our total fleet expenses by $12.6 million. There are 2 older and 5 younger executives at Navios Maritime Acquisition Corp. 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. Angeliki Frangou has positioned Navios perfectly to capture the ongoing growth of emerging economies for years to come Evidently, going from a defunct Brazilian tanker to running a group worth in excess of $4bn (3.4bn) took more than luck. 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. So, how much is Angeliki Frangou worth at the age of 56 years old? We use your data to ensure you have a secure and enjoyable user experience when visiting our site. As a result, we re-imagined the modern shipping company. How Angeliki Frangou became the leading Greek shipping . Angeliki Frangou has been the Chairman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM) since August 25, 2005. Focus are also for growth in iron ore imports around the world as the effects of the pandemic received. Vessels over 20 years of age are about 8.6% of the total fleet, which compares favorably with the historically low orderbook. The financial potency of this combination can be measured through the pro forma combined results of 2020. It doesn't sound like it has, but curious if there's any sort of hold back because of that lack of visibility. The battle follows four legal notices filed by Frangos in. 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 . The increase were mitigated by a 17.4% decrease in the time charter equivalent rate achieved in the fourth quarter of 2020. 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. Conclusion, positive demand fundamentals, mainly due to the restart of economic activity around the world, along with reduced fleet availability to support the container shipping industry. 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). And how will you balance that with maybe unit repurchases as you're still trading at a pretty massive discount to NAV. In addition to the Leading Women Series, Becky Anderson also hosts the network's flagship news and current affairs program Connect the World, which takes viewers on a journey across continents, beyond headlines and into histories of the stories that are changing our world. Of course we also entered into the crude and product tanker segment. Next, Ms. Tsironi will give an overview of Navios Partners financial results. We consolidated our separate activities in dry bulk and in containers and in tanker under one roof. 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? Please. George? So basically, we have a fortress balance sheet. Despite the pandemic, China set another year record for iron ore imports in 2020 at about 1.15 billion tons which is an increase of 9.4% over '19. The Globe and Mail A 14,000-ton freighter, the Fulvia, lay in Rio de Janeiro, unloved and very. And this is something we like to give the flexibility of having the Asian leases plus the commercial banks in Europe. 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 . 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. We believe that this combination offers a stronger, more resilient entity mitigating sector specific cyclicality. 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. About a third of our fleet operate in each of the drybulk, containerships and tanker segment. In the East China is struggling with its zero Covid strategy.. Demand and restocking is expected to prove demand growth well above net fleet growth, supporting the recent dramatic rising rates. NMM is differentiated by its industry-leading scale and diversified sector exposure. 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. 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. Global iron ore demand is expected to increase by 2.7% in this year and the additional availability of iron ore shipments to China are expected to increase as still masterplan stockpile, driving demand for Capesize vessels. You can read more about how we handle your information in our privacy policy. 2021 dry bulk trade is projected to increase by 3.7%, and further increased by 2.2% in '22. Turning to Slide 12, you can see some fleet and debt updates. Celebs Wiki Angeliki Frangou fans also viewed: Daniel David I'd like to turn the floor back over to Angeliki Frangou for any closing remarks. 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"). Also - good afternoon and also congratulations on there, your first call here post-merger. You may now disconnect. These vessels were acquired for an aggregate purchase price of $370 million. And we always get - we get advantage of this on the long-term period because they need of turner. Will you order those ships and then subsequently contracted them and now you have basically a five year, maybe 5.5 year payback. Included in this adjustment is a $42.6 million impairment on our investment in Navios Containers, bringing its book values to approximately $25 million. 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. We'll go next to Omar Nokta, Clarksons Securities. EN English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk Unknown Navios is a socially conscious group with core values include diversity, inclusion, and safety. Big picture just, you should understand that all the inefficiency is net positive for our business. The agenda for today's call is as follows: First, Mr. Frangou will offer opening remarks. 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 Holdings and Navios Partners with Ms. Frangou grabbing a large stake in the combined company. We'll take the next question from James with Citigroup. I mean, you have much larger asset base. Ms. Your balance sheets in great shape. But the reality is just to go back to your question is, is the following thing, I mean, the capacity of the ship - the shipyard capacities has been full, and also we see that materials maybe going up. Thank you for joining us for Navios Maritime Partners Third Quarter 2021 Earnings Conference Call. Slide 6 details our Company highlights. I am pleased with our results for the third quarter of 2021. Forward-looking statements are statements that are not historical facts. I would now like to turn the call over to Angeliki for her final comments. And lastly, we'll open the call to take questions. Turning to Slide 22, fleet growth is expected to be 4.2% this year and 3.8% for '22. 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. 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. Part 3 recaps Angeliki Frangou's career and the Navios Group. Please turn to Slide 19. I have no business relationship with any company whose stock is mentioned in this article. 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. There's always a replacement to give, you know, one of the things that we said from, and I think, Stratos also mentioned, we have an average age. It is a matter of level, and I want to remind that, and this is something in the back of our mind. At this time, I'm showing no further questions. As shown on Slide 5, 2021 has been a transformational year as we expanded in new segments. NMM is well positioned to benefit from the different sector fundamentals. So, I guess going forward, is there a specific debt target or leverage ratio you're pursuing before kind of switching to some kind of return of capital, be it either repurchasing units at a massive discount to NAV or increasing the quarterly distribution? click here. We believe the sum is significantly more resilient than the individual parts. 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. The realities we see our service as a growth platform that we're in the right part of the cycle, meaning we see great upside potential with our fleet. Overall our diversified platform should provide flexibility, allowing us to capitalize across segment opportunities. And what we are looking is how this investment we did will play. We have a large modern diverse fleet of 85 vessels with a total capacity of 7.8 million deadweight tons. But purely the volatility that we show create, you know, people are still waiting to make an assessment on period. Please move to Slide 9 which provide some selected segment data. 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. Ladies and gentlemen, this does conclude today's conference call. The nominal GDP today is exponentially higher than compared to the nominal GDP of 50 years ago. Eri? We operate in three segments, have 15 diversified vessel types, and serve over 10 end market. Turning to Slide 14, I will briefly discuss some key balance sheet data as of September 30, 2021. People seem to have concluded that you cannot reliably provide goods if the system has a single point of failure. 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. Rates in all asset classes rose sharply reflecting surging trade driven by strong demand for both major and minor bulk commodities. And lastly, we'll open the call to take questions. Then, Mr. Achniotis will provide an operational update and the industry overview. over to Navios Partners' Chairman and CEO, Mr. Angeliki Frangou. During Q3 NMM generated $228 million in revenue and $145.2 million in adjusted EBITDA and $162.1 million in net income. Frangos claims his sister owes his company, First Lines, $1.18m, TradeWinds is part of DN Media Group. The current orderbook stands at 6.8% of the fleet. In the long run, she adder, Navios people believe that their re-imagined business will provide reasonably stable returns as the financial results of stronger sectors offset the financial results of sectors performing less well. 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. 2021 drybulk trade is projected to increase by 4.5% and further increase by 2.9% in '22. Angeliki Frangou is Chairman and Chief Executive Officer of Navios Holdings. Then Mr. Achniotis will provide an operational update and an industry overview. On the grain side, global grain trade continues to be supported by an ever-increasing world population. First, the pandemic highlighted the weakness of just in time manufacturing. Next, Mr. Desypris will give an overview of Navios Partners segment data. You may disconnect at any time. Angeliki Frangou is 55, she's been the Chairman of the Board and Chief Executive Officer of Navios Maritime Acquisition Corp since 2008. Please turn to Slide 5. By continuing to use this website, you agree to the use of cookies as set out in our full policy. On Slide 8, we lay out global GDP growth since 1970. Long-term borrowings including the current portion net of deferred fees amounted to $1.4 billion. 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. If you have an ad-blocker enabled you may be blocked from proceeding. We have currently fixed 66% of our 29,526 available days for 2021. 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. Additional availability of Atlantic exports to the Far East are expected to increase as steel mills replenish stockpiles. As of September 30, we had a total cash of $141.2 million and borrowings of $1.4 billion. Our merger with Navios Maritime Containers was approved and is expected to close on March 31, 2021. To access the webcast, please go to the Investors section of Navios Partners' website at www.navios-nlt.com. The result was a combination of the expansion of our fleet and the improved time charter equivalent rate. 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. Adjusted EBITDA for 2020 amounted to approximately $100 million compared to $120 million 2019. We are 86, which I think is a rather big percentage for our drybulk to be open. 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 . The big thing is about - we're looking at reducing further. Excluding these items, adjusted EBITDA for the nine months of 2021 amounted about $270 million compared to $64 million for the same period last year. In 2021 we've completed two mergers. This - the advantage we took on the container vessels gave us a historically low break-even of $2,469 per open day in 2022. The information set forth herein should be understood in light of such risks. And do you have a maybe preference there in terms of repurchases or distribution increase? To access the webcast please go to the Investors section of Navios Maritime Partners website at www.navios-mlp.com. 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. 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. This factor stimulus has led to historic turnaround in global container trade. Angeliki Frangou has been Navios Logistics' Chairwoman and a Member of the Board of Directors since its inception in December 2007. CHARTERING OFFICER/MANAGER GAS CARRIERS/TANKERS, Panamax Chartering Manager, Chartering Broker. Europe's imports are expected to grow at 15% on and Asia, excluding China, is expected to import 9% more iron ore in '21 than in 2020. And the tanker sector is just coming off - just coming up from a very low point, which was the lowest point in Q3. Slide 10 shows our combined liquidity as of December 31, 2020, we had total cash of $38.3 million and total borrowings of $719 million. Thereby accumulating significant scale in a short period of time. The rate for 2021 is the highest in almost 50 years, and it is led by a 7.2% expansion in China, India and developing Asia. Angeliki Frangou (nee Papi) was born in Ikaria in November 1915. . The transaction based scale through a larger diversified asset base with an increased earning capacity. You can pay down debt aggressively, you can reward shareholders aggressively and you can actually acquire assets fairly aggressively. Cash and cash equivalents were $141 million. Please turn to Slide 26, focusing on the container industry. We have finalized an additional $58 million loan, which will be used to finance the acquisition of 2 vessels and refinance an existing facility. 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. Is this happening to you frequently? I'll now pass the call to George Achniotis, Executive Vice President of Navios Development, to discuss the [indiscernible]. And then separately, can you just share generally the front and center. It's more diversified, you're thinking about basically moving forward with an even lower level of leverage than you have. Total adjusted net income was $130 million compared to $8.8 million for the same period last year. For the nine months of 2021 NMM generated $445 million, $269.8 million in adjusted EBITDA and $398.6 million in net income. 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.

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