Thank you for standing by ladies and gentlemen, and welcome to the Seanergy Maritime Conference Call on the Fourth Quarter and Twelve Months 2013 financial results. We have with us Mr. Stamatis Tsantanis, Chief Executive 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 this conference is being recorded today, March 27, 2014. Please be reminded that the Company publically released financial results today before the markets opened in New York where it is available to download on the Seanergy web site which is www.seanergymaritime.com. If you do not have a copy of the press release, you may contact Capital Link at 212-661-7566 and they will be happy to email or fax a copy to you. Before turning the call over to Mr. Tsantanis, we would like to remind you that this conference call contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended on Section 21E of the Securities Exchange Act of 1934, as amended. Concerning future events and the Company's growth strategy and measures to implement such strategy, words such as "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to competitive factors in the markets in which the Company operates; risks associated with operations outside of the United States, change in rules and regulations applicable to the shipping industry and other risk factors included from time to time in the Company’s Annual Report on Form 20-F and other filings with the Securities and Exchange Commission, the SEC. The Company’s fillings can be obtained free of charge on the SEC’s Web site at www.sec.gov, The Company expressly disclaims any obligations or undertakings to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Now, I will pass the floor to Mr. Tsantanis. Please go ahead sir.

Thank you, operator, Good morning everyone, and thank you for joining our call. Today I will start my discussion with our recent corporate developments and then I will go through our financial results. I’m very pleased to announce a number of positive news for the Company as we have our first profitable year since 2010 and we successfully completed our restructuring plan. As we announced last week, we have achieved extinguishment of approximately $346 million of debt since 2012. In addition all guarantees of the Company have been fully released. From the beginning of 2013 the accumulated expected benefit in our total equity is approximately a $110.7 million, $25.7 million of which has been reflected in 2013 and above $85 million will be reflected in the first quarter of 2014. After giving effect to the transactions at December 31, 2013 pro forma total equity is approximately $3 million. For more information, please refer to the capitalization table in our earnings release. Furthermore it should be mentioned that based on recent and upcoming transactions we expect to be in compliance with NASDAQ’s remaining equity requirement by April 28, 2014. Our financial restructuring plan is now fully complete and our Company has emerged with a clean capital structure. Our unlevered balance sheet provides significant financial flexibility that should allow Seanergy to engage in accretive vessel acquisitions at a preferable point in the dry market cycle. We are now in a position to evaluate a number of strategic opportunities for the company and pursue growth through accretive transactions. We will now briefly go over our fourth quarter and full year financial results. For the three months ended December 31, 2013 our net revenues were $6.3 million, down 26% compared to the same period last year. The decrease reflects the operation of a smaller…

That does conclude our conference for today. Thank you for participating. You may now disconnect.