Tsakos Energy Navigation Limited

Thank you for standing by, ladies and gentlemen. Welcome to SACO's Energy Navigation Conference call on the second quarter 2022 financial results. We have with us today Mr. Takis Arapilogou, Chairman of the Board, Mr. Nicholas SACO's President and CEO, Mr. Paul Durham, Chief Financial Officer, and Mr. George Saraglou, Chief Operating Officer of the company. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session, at which time, if you wish to ask a question, please press star 1 on your telephone keypad and wait for your name to be announced. I must advise you that this conference is being recorded today. I will now pass the floor over to Mr. Berrozes, president of Capital Link. Investor Relations Advisor for Tacos Energy Navigation. Please go ahead, sir.

Thank you very much. I'm Nicolas Bornellos of Capitalink, Investor Relations Advisor to Tacos Energy Navigation. This morning, the company publicly released its financial results for the second quarter of 2022. In case we do not have a copy of today's earnings release, please call us at 212-663. 617-566, or email us at 10 at CapitalLink.com, and we will have a copy for you right away. We will send a copy to you by email. Please note that parallel to today's conference call, there is also a live audio and slide webcast, which can be accessed on the company's website on the front page at www.cenn.gr. The conference call will follow the presentation slides, so please, we urge you to access the presentation slides on the company's website. Please note that the slides of the webcast presentation will be available and archived on the website of the company after the conference call. Also, please note that the slides of the webcast presentation are user-controlled, and that means that by clicking on the proper button, you can go to the next or to the previous slide on your own. At this time, I would like to read the safe harbor statement. This conference call and slide presentation of the webcast contains certain forward-looking statements within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties which may affect business prospects and results of operations. is celebrating this year its 20th anniversary for its listing on the New York Stock Exchange. During this 20-year period, the company has the enviable track record of uninterrupted dividend payments regardless of market cycles. Including the current dividend, Penn has distributed half a billion dollars in dividends to its shareholders. At this moment, I would like to pass the floor on to Mr. Takis Arapoglou, the chairman of the board of Xakos Energy Navigation. Please go ahead, Mr. Arapoglou.

Thank you, Nicholas. Good morning and good afternoon to all. Thank you for joining us today for our second quarter Once again, our results and the revolution throughout the first half of the year justifies our business model. In bad markets, it offers us stability and downside protection and allows us to perform far better than all of our peers, to continue to pay dividends and all our obligations uninterruptedly, to continue all the previous mentioned actions to a higher degree, and paying substantially higher dividends, rewarding our shareholders in line with our increased profitability. This is the model. This is how it works.