TBS International Plc Q1 2010 Earnings Call Transcript

TBS International plc (TBSI)

Q1 2010 Earnings Call

May 10, 2010; 10:00 am ET

Executives

Joseph Royce - Chairman, President & Chief Executive Officer

Fred Lepere - Executive Vice President & Chief Financial Officer

Analysts

Ben Nolan - Jefferies

Presentation

Operator

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Thank you for standing by ladies and gentlemen, and welcome to the TBS International first quarter ended March 31, 2010 earnings conference call. We have with us Mr. Joseph Royce, Chairman, President and CEO; and Mr. Fred Lepere, Executive Vice President and Chief Financial Officer of the company.

The conference call will also be webcast live, audio and slideshow on the company’s website, www.tbsship.com, by clicking on the webcast banner. I must advice you that this conference is being recorded today Monday, May 10, 2010.

We now pass the floor to one of your speakers today, Mr. Fred Lepere. Please go ahead Mr. Lepere.

Fred Lepere

Good morning and thank you for joining TBS International’s quarterly conference call. The purpose of today’s call is to discuss the results of TBS’s first quarter ended March 31, 2010.

This morning we issued a press release before the market opened in New York, with financial and operational information for the first quarter ended March 31, 2010. If you have not received this release, you may log onto to our website at www.tbsship.com and navigate to the Investor Relations page, or you can call Capital Link at 212-661-7566. We’ll also post a transcript of this call on our website once it’s been prepared.

Our remarks today will be followed by a question-and-answer session. For those of you who want to follow our slide presentation, please go to the TBS website, which again is www.tbsship.com and click on the webcast link. Note that the slides are user controlled.

For those of you who want to follow the webcast, please click on the arrow at the bottom of the webcast screen to make the slides turn. Also please note that the webcast will be archived on our website.