Thank you for standing by, ladies and gentlemen. And welcome to the Euroseas’ Conference Call on Third Quarter 2014 Financial Results. We have with us Mr. Aristides Pittas, Chairman and Chief Executive Officer; and Mr. Tasios Aslidis, Chief Financial 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. (Operator Instructions) I must advise you that the conference is being recorded today, Tuesday, November 11, 2014. Please be reminded that the company announced the results after the market closed today with a press release that has publicly distributed. Before passing the floor to Mr. Pittas, I would like to remind everyone today’s presentation and conference call Euroseas will be making forward looking statements. These statements are within the meaning of federal securities laws matters discussed might be forward-looking statement which are based on current management expectation that involve risks and uncertainties that may result in such expectation not being realized. I kindly draw your attention to slide number 2 of the webcast presentation which has the full forward looking statement and the same statements was also included in the press release. Please take a moment to go through the whole statement and read it. I would now like to pass the floor to Mr. Aristides Pittas, Chairman and Chief Executive Officer of Euroseas. Please go ahead sir.

Good morning and thank you for joining Euroseas for our conference call today. Together with me is Tasios Aslidis, our CFO. The purpose of today's call is to discuss our financial results for the three and nine months period ended September 30, 2014. Let's turn to slide three of our presentation for our financial results overview. The results for the third quarter of 2014 reflect the continued low level of drybulk and containership charter rates. For the third quarter of 2014, we reported total net revenues of $9.9 million. Net loss for the period was $3.7 million while net loss adjustable to common shareholders was $4.1 million or $0.07 loss per share basic and diluted. The difference being the $0.4 million in dividends paid to our Series B Preferred shares. Adjusted EBITDA for the third quarter of 2014 was negative by $0.2 million. Turning to our first nine months 2014 financial results, we reported total net revenues of $29 million. Net loss for the period was $11 million, while adjusted net loss attributable to common shareholders was $12 million or $0.22 loss per share basic and diluted. Again, the difference is the $1 million in preferred dividends. Adjusted EBITDA for the first nine months of 2014 was negative $0.8 million. Our CFO, Tasios Aslidis will go over our financials in more detail later on during the call. Please turn to slide four. We provide our totally operational highlights here that include employment extensions on five of our containerships that vary from short period of three to six months and up to 13 months maximum, which is in line with our strategy to our vessels and short term charter which would allow us to quickly take advantage of any increase in rates. During the first nine months of 2014, the containership…

Thank you very much Aristides. Good morning from me, ladies and gentlemen. As usual I will now provide you with a brief overview of our financial results for the three and nine months period ended September 30, 2014. For that let’s turn slide 21, and first take a look at our results for the third quarter 2013 in comparison to the same period of last year. I will repeat here some of the same figures that Aristides gave you in the beginning of the presentation. For the third quarter of 2014, we reported total net revenues of $9.9 million representing a 10.6% increase total net revenues of $9 million during the third quarter of 2013. We reported net loss for the period of $3.7 million, a net loss attributed to common shareholders of $4.1 million as compared to a net loss of $3.8 million for the third quarter of 2013. As Aristides mentioned earlier, the difference between net loss and net loss attributable to common shareholders is $0.4 million the dividends we paid to our Series B Preferred shares in the third quarter 2014. We did not have preferred shares outstanding in the third quarter of 2014. The preferred dividend can be paid at our option either in cash or in kind, but we have elected to pay it in kind for the last three quarters. The results for the third quarter of 2014 include a $0.3 million unrealized gain in the derivatives I am sorry 0.2 million realized loss on derivatives as compared to 0.3 million unrealized gain, 0.4 million loss on derivatives as well as 1.3 million gain on the sale of our vessel for the same period of last year. Basic and diluted loss per share attributable to common shareholders for the third quarter of 2014 was…

Thank you for listening to us. Do we have any questions?

Thank you. (Operator Instructions) Your first question comes from the Donald McLee. Please ask your question. Donald McLee – Wells Fargo: Good morning guys. It appears the 2015 outlook has softened a bit on both the containership and drybulk side from earlier in the year, how do those relative outlooks compare and how does that affect your growth strategy going forward?

Yes it is true especially on the drybulk sector that things look a little bit weaker than what they looked at the middle of the year the time when we were all expecting stronger Q3 and Q4 which do not materialized. And also on the container sector it’s a very small adjustment there to our outlook from the beginning of the -- from the middle of the year where some orders have been recorded which has been hidden before bringing the order book a little bit higher and where demand is expected to be just a little bit lower on the general global economy a little bit worse off than what was expected three months ago. Overall what this implies is that in the drybulk sector where we were looking for a significant recovery in 2015 and ‘16 it’s now seems that that we’ll have to wait to 2017. On the container sector its minor adjustments and the market continues to be growing in both ‘15 and ‘16. Donald McLee – Wells Fargo: Got you. And kind of in that same context then given the former outlook for containerships is there any potential for you to move into larger vessel sizes with your current cash position?

The current cash position does not give us a lot of free way to move convincingly in such a direction, although we think it make sense. So we are looking at possible synergies with others but we nothing finalized yet. Donald McLee – Wells Fargo: Okay that makes sense. And my last question is just on your share repo, how far have you gone on that so far in the quarter and is there any more details?

As you know we have announced the program late in Q3 I think September 25th and we said given all the windows we have very little opportunity to employ the program we have purchased minimal amount of shares. Donald McLee – Wells Fargo: Alright, that’s great guys. Thanks for the time.

(Operator Instructions) As there are no more questions, we now pass the floor back to Mr. Aristides Pittas for closing remarks.

Thank you all for listening into this quarter’s results and we will be speaking to you again at the beginning of New Year to see how the year ended. Thank you.

Thanks everybody. Happy Thanksgiving to all of you.

Ladies and gentlemen, that does conclude our conference for today. Thank you for participating. You may all disconnect.