Operator
Thanks for standing by, girls and gents. Welcome to Protected Bulkers Convention Name on the Third Quarter 2025 monetary outcomes. We have now us with us right this moment, Mr. Polys Hajioannou, Chairman and Chief Government Officer; Dr. Loukas Barmparis, President; and Mr. Konstantinos Adamopoulos, Chief Monetary Officer of the corporate. [Operator Instructions]
Following the convention name, for those who want any additional data on the convention name or the presentation, please contact Capital Hyperlink at (212) 661-7566. I have to advise you that this convention is being recorded right this moment. The archived webcast of the convention name will quickly be obtainable on the Protected Bulkers web site, www.safebulkers.com.
Lots of our remarks right this moment include forward-looking statements based mostly on present expectations. Precise outcomes could differ materially from the outcomes projected from these forward-looking statements. Further data regarding components that may trigger precise outcomes to vary materially from these within the forward-looking statements is contained within the third quarter 2025 earnings launch, which is on the market on the Protected Bulkers web site, once more, www.safebulkers.com.
I might now like to show the convention over to our audio system right this moment, Chairman and CEO of the corporate; Mr. Polys Hajioannou. Please go forward, sir.
Dr. Loukas Barmparis
President, Secretary & Director
Good morning to all. I’m Loukas Barmparis, President of Protected Bulkers, and I’ll do right this moment the presentation, and I am welcoming you at our quarterly outcomes. Key developments of the earlier interval embody the efficiency of the IMO Internet-Zero framework and the anticipated gradual market fragmentation as a result of geopolitical causes for charges and tariffs leading to elevated market volatility. The dry bulk market recovered in comparison with the earlier quarter, and we bought 2 of our