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November 23, 2011 9:00 AM ET
Edward Nebb – IR Advisor
Simeon Palios – Chairman and CEO
Anastasios Margaronis – President
Andreas Michalopoulos – Chief Financial Officer
Ioannis Zafirakis – Executive Vice President and Secretary
Maria Dede – Chief Accounting Officer.
Michael Webber – Wells Fargo
Justin Yagerman – Deutsche Bank
Gregory Lewis – Credit Suisse Group
Fotis Giannakoulis – Morgan Stanley
Sal Vitale – Sterne, Agee
Gary Chase – Barclays Capital
Michael Pak – Clarkson Capital
Lambros Papaeconomou – NYFEX Asset Management
Greetings. And welcome to the Diana Shipping Incorporated Third Quarter Conference Call and Webcast. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions)
As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Edward Nebb, IR Advisor for Diana Shipping. Thank you Mr. Nebb, you may begin.
Thank you, Rob. Good morning or good afternoon all. Welcome to the Diana Shipping Incorporated 2011 third quarter conference call. The members of the management team who are with us today include Mr. Simeon Palios, Chairman and Chief Executive Officer; Mr. Anastasios Margaronis, President; Mr. Andreas Michalopoulos, Chief Financial Officer; Mr. Ioannis Zafirakis, Executive Vice President and Secretary; and Ms. Maria Dede, Chief Accounting Officer.
Before management begins their remarks, let me briefly summarize the Safe Harbor notice, which you can see in its entirety in today’s news release. Certain statements made during this conference call, which are not statements of historical fact are forward looking and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act.