Navios Maritime Holdings (NM)

Q2 2011 Results

August 22, 2011 8:30 a.m. ET


Angeliki Frangou – Chairman and CEO

Ted Petrone – President

George Achniotis – CFO

Ioannis Karyotis - SVP, Strategic Planning

Efstratios Desypris - Chief Financial Controller


Natasha Boyden – Cantor Fitzgerald

Seth - Citi

Justine Fisher - Goldman Sachs

Urs Dur - Lazard Capital Markets



Good morning, and t hank you for joining us for this morning’s Navios Maritime Holdings second q uarter and first half 201 1 e arnings c all. With us today from the company are Chairman and CEO Ms. Angeliki Frangou; President Mr. Ted Petrone; SVP of Strategic Planning Mr. Ioannis Karyotis, Chief Financial Officer, Mr. George Achniotis , and Chief Financial Controller Mr. Efstratios Desypris.

As a reminder this conference call is also being webcast. To access the webcast, please go to the investor section of the Navios Holdings’ website, Before I review the structure of this morning’s call, I’d like to read the Safe Harbor statement.

This conference call could contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Holdings. Forward-looking statements are statements that are not historical fact. Such forward-looking statements are based upon the current beliefs and expectation of Navios Holdings management and are subject to risk and uncertainties which could cause actual results to differ from forward-looking statements.

Such risks are more fully discussed in Navios Holdings filings with the Securities and Exchange Commission. The information set forth in this conference call should be understood in light of such risk. Navios Holdings does not assume any obligation to updates the information contained in the conference call.

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