Navios Maritime Holdings Inc. ( NM)

Q3 2011 Earnings Conference Call

November 17, 2011 08:30 ET


Angeliki Frangou – Chairman and Chief Executive Officer

Ted Petrone – President

Ioannis Karyotis – Senior Vice President, Strategic Planning

George Achniotis – Chief Financial Officer


Natasha Boyden – Cantor Fitzgerald

Seth Lowry – Citi



Thank you for joining us for this morning’s Navios Maritime Holdings Third Quarter and Nine Months 2011 Earnings Conference Call. With us today from the company are Chairman and CEO, Ms. Angeliki Frangou; President, Mr. Ted Petrone; SVP of Strategic Planning, Mr. Ioannis Karyotis; and Chief Financial Officer, Mr. George Achniotis. As a reminder, this conference call is also being webcast. To access the webcast, please go to the Investors section of 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. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are based upon the current beliefs and expectations of Navios Holdings management and are subject to risks 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 risks. Navios Holdings does not assume any obligation to update the information contained in the call. Thank you.

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