Good morning, everyone, and welcome to our C3is Third Quarter 2023 Earnings Conference Call and Webcast. This is Dr. Diamantis Andriotis, CEO of the Company. With me on the call today is our CFO, Nina Pyndiah. Before we commence our presentation, I would like to remind you that we will be discussing forward-looking statements, which reflect current views with respect to future events and financial performance and are based on current expectations and assumptions, which by nature are inherently uncertain and outside of company's control. At this stage, if you could all take a moment to read our disclaimer on Slide 2 of this presentation. I would also like to point out that all amounts quoted, unless otherwise clarified, are implicitly stated in U.S. Dollars. Today, we released our earnings results for the third quarter of 2023. So, let's proceed to discuss these results and update you on the Company's strategy and the market in general. Slide 3 shows the dry bulk market fundamentals. Since Q4 last year, shipment volume growth rose from minus 1% to 4.5%. At 793 million tons, China's imports of iron ore was the highest ever for the January, August period, beating the previous record of 773 million tons in 2020. Year-on-year, global coal imports are up 8.6% and well on track for all time highs. China's imports growth have been tremendous, increasing by 70% year-on-year to 233 million tons through August, just slightly below the total import volume of last year. Through to the end of this year, coal demand is likely to remain strong due to seasonal restocking for the winter. Year-on-year, global grains imports are up by 3.4%. Having entered the post-COVID era, China is expected to increase its imports by around 4.2% for the period 2023, 2027. The demand for dry bulk…

Thank you, Diamantis, and good morning to everyone. Please turn to Slide 8, and I will go through our financial performance for the third quarter and nine months of 2023. Voyage revenues for the three months ended September 30, 2023, amounted to $10.1 million and $14.96 million for the nine months ended September 30, 2023. Compared to Q2 '23, our revenues increased by 4.78%, primarily due to the increase in the average number of vessels. Our fleet operational utilization was 98.5% for the three months period and 93.6% for the nine months period. For the three months of Q3, the daily TCE was $27,903. And for the nine months of the year, the value was $18,761. Voyage expenses and vessels operating expenses for the three months ended September 30th were 2.8 million and 1.5 million, respectively. For the nine months period, the figures were 3.25 million and 3.3 million, respectively. The increases in both voyage expenses and vessels operating expenses are attributed to the increase in the average number of vessels. Voyage expenses for the nine months ended September 30, 2023, mainly included bunker costs of 1.3 million corresponding to 48% of total voyage expenses and commissions to third parties of 0.7 million corresponding to 26% of total voyage expenses. Operating expenses for the nine months ended September 30th mainly included core expenses of $1.9 million corresponding to 58% of total operating expenses, spares and consumables costs of $0.7 million corresponding to 21% and maintenance expenses of $0.3 million representing works and repairs on the vessels, corresponding to 9% of total vessel operating expenses. Total calendar days for our fleet were 263 days for the three months ended September 30th and 625 days for the nine months. Of the total calendar days in the third quarter of '23, 180 or…

We are very pleased to announce that even though we have been operating as a newly listed entity for a short period of approximately four months following our spin off from Imperial Petroleum in late June 2023, we have managed to grow our fleet and achieve the remarkable financial performance. Specifically, during the third quarter of 2023, we generated record revenues of 10.1 million and a record net income of 3.3 million represent increases of 478% and 917%, respectively, from the previous quarter. Going forward, we strongly believe that the new acquisition of Araframax oil tanker, which was delivered to us in July 2023 well position us to capture the firm prevailing tanker market conditions and generate significant cash flow with the efficient operations of our expanded diversified fleet. Specifically, our 2 handysize dry bulk carriers currently operate under short-term time charters contracts, earning gross charter rates ranging from 20,000 to 26,000 per day and resulting in a fixed revenue backlog of approximately 2.9 million until December 2023. Our already secured revenues are supplemented by operations of our Aframax oil tanker in the spot market where voyage charter rates for Aframax tankers currently stand at very high levels in excess of $65,000 per day. This employment strategy will enhance our ability to finance our site liability by 38.7 million related to the acquisition of our tanker and due in July 2024, partially with cash on hand and cash on operating activities. With our company's impressive performance, we will continue to pursue growth strategy, focus on timely and select acquisitions of high quality vessels, which we may consider to be in the best interest of our company and our shareholders. We would like to thank you for joining us today and look forward to having you with us again at our next call on our fourth quarter 2023 results in February 2024. End of Q&A: