angeliki frangou husband

Navios Maritime Holdings: Near-Term Debt Maturities Unlikely To Be An 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. Please. We have question from the line of Randall Giveans of Jefferies. Long-term borrowings including the current portion net of deferred fees amounted to $1.4 billion. Thank you for your participation. The IMF projects global GDP growth at 5.9% for 2021 and 4.9% for '22. I am not receiving compensation for it (other than from Seeking Alpha). 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. 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. $690 million of contracted revenue. So this is an ongoing process that will be going over and over again depending on - and you have seen us doing that even in the top every market, in the bottom and the top, it is a continuous process that we'll do replacement. Net fleet growth is expected to remain low over the next 3 years, as the order book is the lowest or effort. On Slide 8, we lay out global GDP growth since 1970. According to our Database, She has no children. Is this happening to you frequently? Just trying to understand how you're thinking about the work to be done on that side? I am pleased with the results for the full year and fourth quarter of 2020. 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 . Through this S&P activities we increased our fleet size and reduced average age for our existing segments. But we have the luxuries. Since 2015, Ms. Frangou has also been a Member of the Board of Trustees of Fairleigh Dickinson University. As a reminder, this conference call is being webcast. Is this happening to you frequently? Angeliki Frangou (born 1965) (Greek: ) is a Greek shipowner. 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. These together with near record low orderbook could boost crude and product tanker rates in the near term. So all these unique things that we see on the supply chain happening, these vessels we think is a good match. Based on yesterday's closing price of Navios Containers units, our investment amounts to over $110 million. 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. Forward-looking statements are statements that are not historical facts. 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. Purely from a point of the market, I'll say that today, you may have some more opportunities to pick up attractive dry bulk vessels because you still have some recovery. First Navios Maritime suit ended with revised offer. We have historically low break-even gives us on a 47,000 days. In Slide 11, you can see the strength and stability of our balance sheet. We actively renew and expand our fleet. We - the announcement we did between the six new buildings that we did for five years and the four other vessels, we did quite significant number of what we say, 600 and $690 million of contracted revenue. Adjusted EBITDA for 2020 amounted to approximately $100 million compared to $120 million 2019. 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,. The container segment began strengthening in the third quarter of 2020, while the dry bulk market become turning in 2021. The Leading Women with Becky Anderson Series can be viewed online at: http://edition.cnn.com/SPECIALS/leading-women. We have about - commercial banks, about $600 million in Japanese and Chinese leases, which provides us more easier covenant. 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. This has led the IMF to increase its 2021 GDP growth projection to 5.5%, the highest in 50 years and 4.2% in '22. Slide 6 details our Company highlights. On average, we are approximately just over $15,000 chartered on the dry side and around $17,000 on the containerships. Please disable your ad-blocker and refresh. Angeliki? If you have an ad-blocker enabled you may be blocked from proceeding. And overall we like to have a low leverage. Turning to Slide 12, you can see some fleet and debt updates. Angeliki Frangou steers Navios towards emerging economies Now I will review the safe harbor statement. 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. Cash and cash equivalents was $30.7 million. 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. 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. [1] She is the chairman, chief executive officer and Director of Navios Maritime Holdings ., [2] of Navios Maritime Partners L.P., of Navios Tankers Management Inc. and Navios Maritime Acquisition Corporation. The current orderbook stands at 6.8% of the fleet. Moreover, Navios optimizes its flexible chartering strategy to leverage on fundamentals across its three sectors and calibrate charter 10 based upon segment opportunity. This decline can be partially attributed to owners hesitance towards the long-lived assets in light of macroeconomic uncertainty and engine technology concerns due to upcoming CO2 restrictions. And NMM already has more than that contracted for 2021. 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. Moving to the first nine month 2021 period, time charter revenue reached $445 million compared to $158 million in 2020. We operate in three segments, have 15 diversified vessel types, and serve over 10 end market. This concludes my presentation. Part 1 of the interview examines Angeliki Frangou's start in business and development of the Navios Group of Companies. We agreed to acquire 6 dry bulk vessels with an average age of approximately 2 years. 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. 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. Angeliki Frangou, Chairman and CEO of the Navios Group of - Yahoo! Read more about DN Media Group here. And this is something that actually has benefited quite significant on these market, especially on the container. Adjusted net income for the quarter amounted to $12.8 million. The . Angeliki Frangou is Chairman/CEO at Navios Maritime Holdings Inc. See Angeliki Frangou's compensation, career history, education, & memberships. The nominal GDP today is exponentially higher than compared to the nominal GDP of 50 years ago. Ms. Frangou has also been the Chairwoman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM). Just trying to understand, if that's actually sort of impacting your operations outside of just sort of the rate impact. 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. Pro forma for the merger, our company will be 1 of the 10 largest public listed dry cargo fleet. 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 . Please. First COVID stimulus measures have caused a sharp recovery of demand for goods in Western OECD economies as noted on the two lower charts. Is this a view on those respective markets? It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/19/leading-women-angeliki-frangou-daniela-mercury.cnn. This conference call could contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Partners. And you don't see the 3-year market developing. In Slide 14, you can see the latest update on our fleet. 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. We did see one thing that we showed as a great opportunity on the container segment, we show that the smaller vessels and this is a widebody, the 5,500 TEU. You may now disconnect. 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. About a third of our fleet operate in each of the drybulk, containerships and tanker segment. All vessels are expected to be delivered in the second half of 2022. 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. Angeliki Frangou, the Chairman & Chief Executive Officer of Navios click here. 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. We stand at the crossroads, perhaps the crossroads of history. Please disable your ad-blocker and refresh. This will be the highest digital rate in the past 50 years. 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? 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. 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. No, yes, that makes sense. As you can see from the top graph on the space, the IMF expects global GDP to grow by 5.5% in 2021. There are 2 older and 5 younger executives at Navios Maritime Acquisition Corp. Yes, no that's fair. 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. Everything works well, as long as the logistics chain is unchallenged. It's more diversified, you're thinking about basically moving forward with an even lower level of leverage than you have. Thank you, George. I wrote this article myself, and it expresses my own opinions. Building us a significant base of collateral value. Angeliki Frangou | Navios Logistics We have a large modern diverse fleet of 85 vessels with a total capacity of 7.8 million deadweight tons. I think this is something that we are very [technical difficulty]. 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 Biography, Age, Height, Husband, Net Worth, Family But those of us in shipping will try to understand the impact of all these things based on a simple metric on ton miles the cost of shipping one ton of freight for one mile. 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. For 2022 we expect a historically low break-even of $2,459 per open day with 20 - with - our busy acquisition calendar has not distracted us from our balance sheet, we remain disciplined. The vessel we expected to be delivered in the second half of 2022. Net loan-to-value is about 28.3% in an asset base estimated at over $4.5 billion. The net book is expected to close on March 31, 2021. 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. 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. The increase were mitigated by a 17.4% decrease in the time charter equivalent rate achieved in the fourth quarter of 2020. Banks take back Hermitage PSV fleet at 62% of outstanding debt, Bottiglieri family removed from historic Italian shipping company. We have 27,437 open in index days that can generate significant operating cash. 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. EN English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk Unknown We see good - we see a good market potential, but we have to see it realize. And it was somewhat opportunistic at the time, they were on a speculative basis I guess or at least orders without charters. We have currently fixed 66% of our 29,526 available days for 2021. Thereby accumulating significant scale in a short period of time. How to pronounce Angeliki Frangou | HowToPronounce.com Stratos? Early life and education [ edit] We don't have much information about She's past relationship and any previous engaged. Angeliki Frangou, chief executive of Navios Maritime Holdings and Navios Maritime Partners speaks at a company dinner at the National Gallery in Athens in June 2022. Greek authorities freeze bank accounts belonging to Angeliki Frangrou For the nine months of 2021 NMM generated $445 million, $269.8 million in adjusted EBITDA and $398.6 million in net income. And we have market exposure of 53.5% of our days for this year. 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. Please turn to Slide 21. She is the Chairman, Chief Executive Officer and Director of Navios Maritime Holdings., of Navios Maritime Partners L.P., of Navios Tankers Management Inc. and Navios Maritime Acquisition Corporation. In the West, the worst impacts of Covid appear to be fading. 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. We continue to renew our fleet and improve average profile. 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. Angeliki Frangou and her brother John square up at trial in London And I did want to also just ask about the containership charters, which I thought were, you know, you ordered thus four plus two shifts, if I recall. This conference call should contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Partners. Shipping is always very, very profitable. Thanks you Angeliki and good morning all. She also serves as the Chairman and Chief Executive Officer of Navios Partners L.P. and Navios Maritime Acquisition Corporation. Frangos claims his sister owes his company, First Lines, $1.18m, TradeWinds is part of DN Media Group. The current average contracted net rate of the four vessels is approximately $2,600 per day. So the target is always to bring down the debt and that is to about 20%. Demand and restocking is expected to prove demand growth well above net fleet growth, supporting the recent dramatic rising rates. Navios Maritime Partners' (NMM) CEO Angeliki Frangou on - SeekingAlpha If you have an ad-blocker enabled you may be blocked from proceeding. Also - good afternoon and also congratulations on there, your first call here post-merger. This is unique. This completes our Q4 results. As of September 30, we had a total cash of $141.2 million and borrowings of $1.4 billion. I will briefly review our unaudited financial results for the third quarter and nine months ended September 30, 2021. 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. Our Board is composed by majority Independent Directors and Independent Committees that oversee our management and operations. Lastly, we have a strong balance sheet with low leverage. Greece and Cyprus: the success story of the Eastern Mediterranean, says Endy Zemenides, A Visit to St. Nicholas National Shrine at the WTC, Hellenic Lawyers Association Holds 32nd Annual Gala, National Hellenic Society Fundraiser in NY for the Promotion and Preservation of Greek Heritage a Great Success, Carol Burnett The First Lady of Television Comedy, 3rd Annual Athens Square Park Christmas Tree Lighting Ceremony, The Hellenic Initiatives 10th Anniversary New York Gala Raises More Than $2M, Were Back! Annunciation G.O. 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. 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"). We have very strong corporate governance and clear code of ethics. I think the - you can find one year versus three year, you have basically today discovering hugely. Please turn to Slide 17 for the review of the drybulk industry. Sometimes it's in newbuildings, sometimes it's in secondhand vessels in different sectors. As Angeliki mentioned, earlier the merger with Navios Acquisition was completed on October 15, 2021. We also continued to renew and expand our fleet. Angeliki? The round up show premieres on the 4th Wednesday of every month. 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. 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. However, we do not take that for granted. 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. Is this happening to you frequently? Now I will review the safe harbor statement. 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. Angeliki Frangou. 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. I note that we were able to sell these vessels for a book gain in this excellent market as we manage our rate profile. Thank you, Stratos. 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. It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/26/leading-women-angeliki-frangou-daniela-mercury.cnn. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Of course we also entered into the crude and product tanker segment. Angeliki Frangou has been our Chairwoman and Chief Executive Officer since our inception. Slide 7 reviews our recent development. The result was a combination of the expansion of our fleet and the improved time charter equivalent rate. I wrote this article myself, and it expresses my own opinions. And we always get - we get advantage of this on the long-term period because they need of turner. Total adjusted net income was $130 million compared to $8.8 million for the same period last year. 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. With the help of a strong second half 2020 ended the year with a BDI averaging 1,066. The increase was mitigated by 20.9% decrease in the Time Charter Equivalent rate achieved in 2020. Over the last five years, around 40% of European natural gas and 27% of European oil was supplied by Russia. Navios is a socially conscious group with core values include diversity, inclusion, and safety. 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. Angeliki Frangou biography. Ladies and gentlemen, this does conclude today's conference call. 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? Governments having put in place emergency monitor and fiscal plans to support the economies have kick-started faster than expected the recovery in the world economy. Food security issues driven by the pandemic as well as increasing broadening demand worldwide. 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. To read more about DN Media Group, Maritime shipping is the most environmental friendly means of transportation as it is the most carbon efficient mode of transport. For example, global GDP in 2019 equals $88 trillion, almost 30x the global GDP of $2 trillion in 1970. You have this low break-even, 2,400, historically the lowest. The large entity will benefit from a simplified capital and an organizational structure, thereby, reducing costs. Finally, we have very strong corporate covenants at corded efforts. At this time, I'm showing no further questions. 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. 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. Turning to Slide 14, I will briefly discuss some key balance sheet data as of September 30, 2021. Thank you for joining us for Navios Maritime Partners' Fourth Quarter and Full Year 2020 Earnings Conference Call. Its been four years since the last Posidonia. We are 86, which I think is a rather big percentage for our drybulk to be open. 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. The transaction based scale through a larger diversified asset base with an increased earning capacity. Angeliki Frangou has been our Chairwoman and CEO since August 25, 2005. And what we are looking is how this investment we did will play. Please turn now to Slide 24 for the review of the tanker industry. The BDI average for Q3 was 3,732, the highest quarterly average since 2008. 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. That makes sense. 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.

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