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Thank you for standing by ladies and gentlemen and welcome to the TBS International Fourth Quarter and Full-Year 2010 Financial Results Conference Call.
We have with us Mr. Joseph Royce, Chairman, President and CEO and Mr. Fred Lepere, Senior Executive Vice President and Chief Financial Officer of the company. At this time, all participants are in a listen-only mode. (Operator Instructions)
The conference call will also be webcast live, audio and slideshow on the Investor Relations section of the company’s website, www.tbsship.com, by clicking on the webcast banner. I must advice you that this conference is being recorded today, Tuesday, March 15, 2011.
I will now pass the floor to one of your speakers today, Mr. Fred Lepere. Please go ahead Mr. Lepere.
Ferdinand V. Lepere
Well, good morning and thank you for joining TBS International’s quarterly conference call. The purpose of today’s call is to discus the results of TBS’ fourth quarter and year ended December 31, 2010.
Yesterday, we issued a press release after the market closed in New York, with financial and operational information for the fourth quarter and year ended December 31, 2010. If you have not received this release, you may log on to our website at www.tbsship.com and navigate to the Investor Relations page or you can call Capital Link at area code 212-661-7566. We will also post the transcript of this call on our website once it’s been prepared.