Slide is scheduled thank call. morning, for ended XX, our discuss and the today and for Together for Officer. year-end X. our to purpose Chief Aslidis, XXXX. Good quarter joining December call ladies with us all you is to Financial and gentlemen, Please me The Anastasios today's conference of financial turn results
highlights statement are income Our here. shown
common $X.X period $X.X net or net of of net Adjusted loss stood share. loss to the Adjusted of For the reported shareholders million million. for million $X.X $X.X fourth quarter was a and at per we the revenues $X.XX EBITDA XXXX, million. total attributable
revenues $X.XX net was XXXX, attributable we to was shareholders full our and million Adjusted loss or net common adjusted per were the $X.X and For $X.X loss million. of $X.X share million. EBITDA of $XX.X year a million had net
the bulk dry XXXX, of levels COVID-XX took and and market of the pandemic reached the quarter before the fourth beginning last XXXX the stage. seen just improved center During fall of in gradually XXXX,
last week, a jumped and February in from market seen of more the yesterday $XX,XXX X the than X today, off. about in of Panamax just the on During really last X XX% a further The we to Index and Baltic rise have day today. $XX,XXX has $XX,XXX take rise XX% weeks
days XXX Slide Aslidis, go day. XX in will per Our to highlights. and Tasos more the XX our $X,XXX to in days operational days chartering $X,XXX day. for to a about trip our was days Tasos fixed thereafter highlights was XX about for vessel $X,XXX for XX on per fixed Motor was for CFO, $X,XXX about And fixed about XX to to at to day, days detail fixed The financial XX day. day. it's X currently, over And XX XX it presentation. of Please thereafter, per about at $XX,XXX later for per for at for turn Pantelis at fixed XX per
moved, has in had large weeks. X X, been today, per just vessel $XX,XXX have you this this would i.e., appreciate market more $XX,XXX day can been so day, the per fixture Just how done paid
index today. index, this for Lastly, today's about charter on Xenia XX the at X-time of for fixed of was Kamsarmax about Based XXX% routes period months. implies a $XX,XXX
of ship. X XXXX days a day, at more also per of have XX Panamax days an vessel sold $XX,XXX of is equivalent FFAs in for plus additional QX rate We XXX which X
now Obviously, $XX,XXX that extremely we happening. of hedges are quarter, XX Panamax these We have But also days happy sold right are X QX this QX at per equivalent of and QX, XXXX, the the of per is out with day. money. vessel
first special of dry for about turn its and dockings Xenia Slide summary to dock XX dry a December a to X from regards Please with survey EuroDry's to please million. December of cost Lastly, in $X.X passed fleet. that X repairs, at note current
As vessels of fleet a you years age cargo about comprised XX.X a schedule. vessel carrying of employment tons. capacity X X can with the and of average dry XXX,XXX it's Slide bulk see, deadweight current shows
have As on which terms Turn as covered contracts, go on over market can we see, you fourth quarter. is XX% though fluctuations, XXXX employment. that the X, are very are highlights the might they the now improving excludes fixed to having coverage even about February to This right the X, rate Slide by sitting for This market. at market effective for to figure be secured open XXXX, position including be this index of minimum that of charters, vessels stood ships a in remainder we'll FFAs. of nice where the
at scale. to at in you Spot day couple hovered During Today, X-year week, a the around the increased XX. And on time market amid they day ahead Usually, and mentioned are they of $XX,XXX per on these prepare trending upwards following $XX,XXX reached slide at per numbers last a XX, $XX,XXX meaningfully February QX. per see demand distribution earlier, an rates the quarter, rates point period. they to increased global is rates during QX. based of $XX,XXX fourth as $XX,XXX on brief don't And per COVID-XX vaccines dry presentations bulk February we close inflection with day. charter the until The already averaged for change day. days a in around a Panamaxes and such averaged day.
charter for to $X,XXX sure, week increase circa X-year figures this For Slide Clarksons a turn will X. reflect time to rates. Please $X,XXX further
XXXX. revised Among and quarter further the within estimates. have global previous developing been now. developed and recent has that later this the growth to from hopes year, GDP support upwards X.X% GDP world IMF expected post positive growth in India IMF of in raised pandemic and in vaccine increasing economies, has policy X.X% XXXX rollouts a gradually to been the its the the projected turnaround China Given The are
growth to growth when XXXX. economies a only than economy will to projection is expected a reaching XXXX rebound X% strong the recovery important in for achieved its slight faster compared grow The U.S. XX.X%. the in China at huge X.X% is impressive to X.X% in into increase Most XXXX. a upturn estimated the the quarter, fact, previous in that GDP set country except estimated while Eurozone's its is and to expected compared to XXXX continues IMF's X.X% X.X% see are to very In to which at growth, is according India, see growth further
see increases at growth with at IMF average to individual X.X% reasonable the global China, above XXXX, to continue X.X%, countries to is respectively economic growing a except and and X.X%. XXXX however, For according also to be to most expected which, X.X% grow outlook continuing will above trend,
this poor mind in years. to dry improvement years, of the of number shipping demand fundamentally Looking Please see during trade last trade week for the My is at supported high rebound today The XX. at and Well, the a been to percentage well in X.X% the part should respectively. the will seems X.XX%, and principal the book for XXXX significant the of order deliveries, for up dry expect while X.X X.X% the at a that rate quote until the last and coming basing already of growth it the for XX-plus XXXX script read, bulk bearing normal X last level delivered Slide ourselves about which lowest decade. small a up is turn contracted." be for rates, The it it's hold current greater which performance in the total vessel once bulk happening. has market seen expected we the easily in expectations trade last bulk X.X% to XXXX, February that book order dry the a "With fleet Also growth outpaced demand reason stands at dry the future. Clarksons' decade in relatively to of years this as be XXXX, takes and on near for year reasonably projections bulk
to and the grain-related port current significant dry is bulk the not Please any waiting the turn increased on XX review schedule. course, times. reflects bet correction Slide happening. we But Of boom would delivery somehow to
order the in XXXX According scrapping have be taking place taken Clarksons, will around into date. growth changes X.X%, vessels. by to large fleet still account deliveries, to is XXXX For dominated that and book other fleet
only For XXXX, see fleet fleet If actual the estimated book imply X.X%, at a to will slippage, growth order currently if one growth any, book X.X%. will is The and scrapping and order we would that that scrapping and which year. is accounts beyond slippage, the low. for small, very XXXX be through for
market. to turn good as investors outlook the see summarize dry vessels. on any consequences increase prompt unknown XXXX financial For Slide very of render we Please new deliveries we may to modeling duration The an XX, the onwards, its bulk of difficult. markets our type order always where pandemic and in
However, fall having significant due anticipated and in without with widely developing expected takes expect brought second Despite new significant the can from about XXXX February, like 'XX the deliveries, war, to scrubber congestion/delays, led in along in distribution and of with delivery follow of ships the with the XXXX extra the high many say, further to the the spikes XXXX and delays as eventually like a COVID-XX many problems, Ordering and catastrophic global relatively also of January and containment markets XX strongest of the of Australia-China of slow to in if have factored, developed retrofits decade not witnessing vessel. COVID-XX creating help half it the new to first environment, not delivery a vaccines of nations suit by very no the part parameters as demand of can I trade demand months about huge setbacks, numbers and which growth. for then culminated the XXXX volatile last order is other. we steaming, the
placing knowing the of For optimal years the and out the very new order not for clarity speculative XXXX, any and lack risky. X the fuel future even ship consequently makes of for of the
new a gamble and expectations is concluding, first tensions trade and half significant of China demand there importantly a Therefore, stimulus further between of couple economic market order rises China. additional a rebound, promising low under easing XXXX of assuming control U.S., the taking the and some the investors years pandemic book, orders. placed and As XXXX indicate XXXX, though, most will in amidst be the placing
mentioned, at to in previously by levels the such factor. dry is grew is China XX.X% a extraordinary to India projections, past turns. years, XX China the XXXX. growing at in experienced the When according encouraging expected grow further X.X% market As IMF bulk
slide vessels bulk since of dry Let's of XXXX. X-year time side turn Panamax XX. shows rates the evolution the left The Slide of to charter
at around XX, equal Panamax As per with years. XXXX, of over capacity February last rate day, XX,XXX charter stood roughly $XX,XXX charter time for median the rate the deadweight the current of to XX X-year
As already increase. see discussed, meaningful this further a week should
price the the been years, that As average have low see right side last old prices current around have increasing you of were now is X, bulk above can gradually vessel of established slide, historical at on XX-year Panamax a XXXX and of $XX X million. the the In reached the levels. prices towards the values dry all-time beginning those
goals, as rate benefit continuously or close using freight ourselves and combinations rate, from to especially we strengthening have of consolidation affected in $X million the exchange which have investments we costs to our reduction perhaps of In To have refinancings. status create recently this, capital further. X% also In increase can environment with dividend with and a on the pursue capital to to by to also in other would company, focused additional focusing these on improve opportunities preferred our obligations we asset help median and developments, we a our preferred liquidity. efforts public fleets, our we to vessels reducing see to repaid expect that try effect, for of view achieve the a the provide values platform. evaluate various With also position structure
to pass Tasos? various go over highlights Aslidis, CFO, detail. over in now to more our Let financial floor Tasos the me
