Good morning everyone and welcome to the C3IS second quarter of 2026 earnings conference call and webcast. This is Dr. Diamandis Andriotis, CEO of the company. Joining me on the call today is our CFO, Nina Pindia. Before we commence our presentation I would like to remind you that we will be discussing forward looking statements which reflect current views with respect to future events and financial performance and are based on current expectations and assumptions which which by nature are inherently uncertain and outside of the company's control. At this stage, if you could all take a moment to read our disclaimer on slide 2 of this presentation. I would also like to point out that all amounts quoted, unless otherwise clarified, are implicitly stated in US dollars. We have today released our English results for the second quarter of 2026, so let's proceed to discuss these results and update you on the company strategy and the market in general. Please turn to slide 3 where we present the impressive results achieved by CTIS for the first six months of the year. Our voyage revenues were 24 million for Q2 2026 compared to 10.7 million for Q2 2025, an increase of 124 percent. For the first 6 months of a year our revenues were 35.6 million compared to 19 million in 2025, an increase of 84 percent. Our net revenues were 17 million for the quarter, an increased of 185 percent compared to Q2 2025. For the first half of the year, our revenues were 27.4 million compared to 11.8 million in 2025, an increase of 132%. Our net income was nearly 10 million for the quarter compared to a loss of 5 million in 2025, a 287% increase. For the six months we had the net income of 15 million compared to 2.6 million last year, a whopping increase of 409%. Our adjusted net income was 9.8 million for the quarter compared to 1.1 million in 2025, a massive increase of 755%. For the first 6 months of 2026 our adjusted net income increased by an impressive 562% to 15.3 million compared to 2.3 in 2025. By the end of June 2026, our cash balance went up 123% from year 2025 to 33.2 million. By the end of July 2026, the balance went further up to 48 million, an increase of 222% from the year 2025. At 12 million, our EBITDA went up a remarkable 426 percent in Q2 2026 compared to minus 3.7 million for Q2 2025. For the six months period our EBITDA jumped by 176 percent to 16.7 billion compared to 6 million for the six-month 2025. On slide 4 we summarize and highlight the company's performance. For the second quarter of 2026 the time-charger equivalent rate of our fleet which is the voyage revenues less voyages expenses divided by the voyage dates increased by 145 percent compared to q2 2025 reaching 40 300. the tc rate of our aphromax tanker for the same period was 133 500 an increase of 202 percent compared to Q2 2025. for the first six months of 2026 the TCE rate of our fleet increased by 125% compared to 6 months 2025, reaching 36,800. The TCE Rate of our AfriMax tanker for the same period was 105,700, an increase of 151% compared to six months 2025. Following on the vessel strategy of growth and diversification, C3AS has had 5 vessel acquisitions since inception, an Afromax oil tanker in 2023, a bulk carrier in 2024 and two product tankers in 2026. We have thus increased our fleet capacity by 387% compared to our fleet when we commenced operations. Our capital expenditure for the the two product tankers delivered this year is 39.78 million. This will become due in January 2027. As of July 2026, our cash balance was 48 million, amply meeting our future financial obligations. As on June 30, 2026 the average age of the fleet was 16.8 years, including the new additions. None of our fleet are Chinese built hence no risk of potential US tariffs. Our EPS for the second quarter of 2026 was 353.87 and 483.39 for the first six months of 2036. Our net asset value per share for the first 6 months of 2026 was 12.83. Using the share price at closing on August 25 of 2067, we were trading at a discount of 380%. We had two public offerings this year. The first one was an ATM agreement in February 2026 with 2.7 million gross proceeds so far. The second one was a share offer in July 2026 with gross proceeds of 6 million. Slide 5 shows the handy size demand and the time charter average rates. In January-June 2026, global exports of all dry bulk commodities on handy supra-tonnets reached 910.7 million tons. The iron ore picture is bearish on price and bullish on distance. Chinese steel demand remains subdued and benchmark price has eased towards the low 90s per tonne, and yet the freight read is positive. The ramp-up of Simandou and continued West African volumes lengthen average holes, so ton-miles can grow even as the headline price softens. Guinea is expected to become one of the world's leading producers of iron ore. The high-grade cement iron ore is suitable for conversion into steel via less carbon-intensive methods. Coal is regionally divided. Chinese seaborne thermal imports have softened on strong domestic output and hydro, while While demand across the rest of Asia-Pacific has firmed and Gulf-related energy prices have made seabourn coal more competitive for ASEAN buyers, the Middle East conflict has opened a forward dimension that did not exist at the start of the year. With a liquefied natural gas shortfall of around 35 million tonnes this year after damages to the Gulf export infrastructure, gas-exposed power systems in Japan, South Korea, Taiwan and Southeast Asia are running coal harder and dependent estimates point to an additional 70 to 90 million tons of Asia-Pacific thermal coal demand in 2026 with China comparatively insulated by its low gas penetration. Grain and oilseeds are resilient and soybean trade is forecast at about 189 million tonnes in 2026-27, a fresh high, with Brazil alone exporting over 117 million tonnes and China importing around 114 million. Rice trade is at a record, with India accounting for about 40% of exports. Minor bulks in bauxite remain a quite structural support. The signal shift in ton from maximizing volume to preserving value marks a change after years of record growth. Indonesia pulled the other way over the long run. Its 2023 raw bauxite export ban took it out of the seaboard export market and the domestic refinery built out is lifting its bauxites requirements from around 15 million tons in 2025 towards 25 million this year with mine output lagging, so a future seaborne import pool cannot be ruled out. For the rates, several factors weigh beneficially on the dry bulk market. The stronger forest demand for coal is a ton-mile support for the segments that carry the trade. Coaking coal has been the firmer sub-segment, with Chinese coking coal and coke prices reaching the highest since late 2024, and Indian metallurgical imports up about 32% in 2025. The adoption of China's five-year plan in March 2026 covers 2026 to 2030 and rests on high-quality development, technological surface reliance, stronger domestic demand, and a deeper green transition. For dry bulk, it matters less as a stimulus signal than as confirmation of where Chinese commodity demand is heading, and reinforces the distance-over-price thesis. As steelmakers urgently seek to reduce the carbon emissions, demand is increasing for higher-grade, lower-impurity iron ore, the essential feedstock in the production of steel. The Simandou mine is a very large, high-grade iron ore deposit in Guinea. The mine holds an estimated 2.4 billion tonnes of ore, grading 65% iron, making it one of the largest untapped iron ore resources in the world. At 23 billion, the project is the world's most capital-intensive mining project, with China and Singapore owning 80% of the mining rights. El Niño impacted the Panama Canal, resulting in a lower level of water, thus forcing shipping through the routes of United States Gulf and East Coast grain and coal towards longer voyages, which is 10 miles positive. A notable threat for the next half is India, where a weak monsoon concern has already pushed the country to import soybeans, a reminder that the El Niño transmission into agriculture is beginning to register. The major Middle East conflict and disruption around the Strait of Hormuz have resaved the shipping market, yet dry bulk has stayed relatively insulated and has in places benefited from longer routings. Slide 6 shows the Afromax LR2 rates and age. The spot rates for AfromaX tankers are currently experiencing fluctuations based on current market conditions. North Sea to continent June 2026 average rates recorded was 116,749 per day, the highest percentage increase compared to the average rate over the last five years. With an average daily spot rate of 34,727 over the last five years, this was an increase of 236% from the last 5 years average. The highest average spot rate from the past 5 years was on the Med-Med route at 37,316. The conflict in the Middle East has stranded tankers and throttled global trade, but China and Russia have been gearing up for what could be a record season along the North Sea route. Disruptions to trade due to fighting around the Red Sea and the Strait of Hormuz may push the shifting dynamics along the Northern Sea route as the safest and most reliable and efficient route. Due to the deepening economic and geopolitical ties between Russia and China, transits along the Northern Sea Route hit a record high last year, hinting at a new transit milestone. On the Afromax fleet, by the end of the second quarter of the year, there was a 3.51% increase in the total fleet. The global AfromaX fleet now stands at 1,239 vessels, of which 291 vessels are over 20 of age, accounting for 24% of the total number of vessels. With a starting tally of 1,197 vessels, the current fleet represents a change of 3.51% in vessels number and around 3.65% in dead weight over the years so far. Over the last quarter, the fleet has increased by 17 vessels. The age of our Afromax tanker was 15.94 years by the end of Q2 2026. The highest number of AfromaX tankers are in this category of 15 to 20 years, which is around 28%. Slide 7 shows the product tanker fleet structure and average rates. The coated product tanker fleet, in the size range 30,000 to 119,000 deadweight, currently numbers 3,685 trading units for a total of 216.5 million deadweight. The MR2 segment is the largest numerically, 54% of the total fleet, with about 1,986 units. The general outlook for MR2 tankers is structurally firm, driven by strong ton-mile demand, aging global fleets, and geopolitical trade disruptions. Ton-mile Demand. Geopolitical sanctions and shifting refining hubs continue to alter trade routes, increasing voyage lengths and favoring flexible MR2 tonnage. Fleet Aging and Replacement. Roughly 33% of the existing MR2 fleet is 16 years or older, which supports long-term recycling and new-build demand. Product tanker rates had another stroke quarter. April started spectacularly, with MR2s briefly averaging over 70,000 per day globally, thanks to 100,000-per-day rates in the Atlantic. There was, however, a significant slowdown after April, with MR2s falling to 30,000 per day by July, still healthy but unspectacular. Rates on routes out of the MEG were largely redundant given the lack of liquidity. Product tanker rates remain well supported, although momentum has become more uneven across vessel classes and regions. MR2s are seeing a more balanced setup, with rates lower but still firm versus historical levels. The near-term outlook is still shaped by Hormuz. Reopening of the Strait of Hormuza should support volumes and utilization, but this is more a recovery of lost activity than a new 10-mile impulse. Overall, product-tanker fundamentals remain supported, with MRs facing a more-balanced market with rise in supply pressure. Slide 8 shows the fleet of C3IS. At the end of Q2 2026, C3IIS owned and operated a fleet of three handy sized dry ball carriers, one afro-max oil tanker and one product tanker. As previously announced, the company has acquired two product tankers, one of which the Clean Fury was delivered at the beginning of Q2 2026. The second product tanker the Clean Reaper was delivered to the company in Q3 2026 with these additions the fleet has increased its capacity to 311,431 dead weight an increase of 387 percent from inception. All vessels have had their balance with systems already installed, and all the vessels are unencumbered and currently employed on shore to medium-term period chargers and spot voyages. None of the vessels were Chinese-built, hence not affected by the ongoing threat on tariffs and are of superior quality. Slide 9 shows a sample of the international chargers with whom the management company has developed strategic relationships and has experienced repeat business. Business highlights the confidence our customers have for our operations and the satisfaction of the services we provide. The key to maintaining our relationships with these companies are high standards of safety and reliability of service. I will now turn over the call to NINAP India for our financial performance. Thank you Diamantis and good morning to everyone. Please turn to slide 10 and I will go through our financial performance for the second quarter and the first half of the year 2026. We achieved revenues of 24 million in Q2 26 compared with 10.7 million for Q2 25. This was an increase of 124 percent quarter on quarter. For the first six months of 26, revenues were 35.6 million compared with 19.4 million for six months 25, representing an increase of 84%. Net revenues were 17 million for Q2 26 compared with 6 million for Q2-25, up 185%. For the first six months of 25, net revenues were 27.4 million, compared with 11.8 million for the sixth month of 25. This was an increase of 132%. Our income from operations was $9.7 million for Q2 26 compared with $1 million for Q2 25, up 820%. For six months 26, our income from operations was $15 million compared with 2.3 million for the same period of 25, representing an increase of 554%. Our net income was $10 million for Q2 26 compared to a loss of $5.3 million for Q2 25, an increase of 287%. For six months 26, our net income was $13.2 million compared with $2.6 million for six months 25, up 409%. Our EBITDA was $12 million for Q2 26 compared to minus $3.7 million for q2 25, up 426%. For six months 26, our EBITDA was $16.6 million, compared with $6 million for six months 25, up 176%. We recorded an unrealized loss on warrants of $2 million for the first half of the year this is a non-cash item and does not reflect our operational performance our adjusted EBITDA was therefore 11.8 million for the quarter compared with 2.8 million in 2025 an increase of 325 percent for the six months of 26 the adjusted EBIDDA was 18.7 million compared with $5.8 million in 2025, an increase of 226%. Our adjusted net income was $9.8 billion for the quarter compared with 1.1 million in 25, up 755%. For the six months, the adjusted net income was $15.3 million, compared with $2.3 million in 2025, up 562%. Turning to slide 11 for the balance sheet, we had a cash balance of $33.2 million, an increase of 123% from year-end 2025. Our cash balance by the end of July 26 was $48 million, up 222 percent from year end 25. our capex on the two newly acquired product anchors is 39.78 million and is due in january 27. halfway through the year we already have ample cash to cover for this table during january next year other current assets consisted mainly of receivables of 11.7 million of which 9 million has already been received to date and inventories of 3.2 million which consists of bunkers and lubricants on board the vessels at the end of Q226. The vessels net value of 96 million are for the size vessels less depreciation. Vessels market values were 123 million. Payable to related party of 24.5 million mainly represents the balance due on the product anchor Clean Fury that was delivered to the company in Q2 26. The warrant liability of 1.3 million relates to the net fair value difference on non-exercise warrants as of June 30, 2026. This is a non-cash item. Our shareholders' equity is at a robust $114.6 million as of Q2-26, compared to $95.1 million as of year-end-25. Concluding the presentation on slide 12, we outlined the key variables that will assist us progress with our company's growth. Owning a high-quality fleet reduces operating costs, improves safety, and provides a competitive advantage in securing favorable charters. We maintain the quality of the vessel by carrying out regular inspections, both while in port and at sea, and adopting a comprehensive maintenance program for each vessel. None of our vessels were built from Chinese shipyards, therefore any potential U.S. tariffs on Chinese-built ships are not expected to have any impact on our fleet. The company's strategy is to follow a disciplined growth with in-depth technical and condition assessment review. Equity assurances will continue as management is continuously seeking a timely and selective acquisition of quality non-Chinese-built vessels with current focus on short-to-medium-term charters and spot voyages. Following on with this strategy, the company has added two product anchors to the fleet, one of which was delivered at the start of Q2-26 and the second one in Q3-26. The expansion and diversification of our fleet has positioned the company to capitalize on strong charter market conditions. We always charter to high-quality charters, such as commodity traders, industrial companies, and oil producers and refineries. Despite having increased our fleet by 387% since inception, the company has no bank debt. No interest was charged by the affiliated sellers on the purchase prices of the AfraPearl 2, the Echo Spitfire, and the two recently acquired product anchors. Our upcoming CapEx obligation of $39.78 million due on the two product anchores and payable in January 27 is already covered by our cash balance. At this stage, our CEO, Dr. Diamantis Andriotis will summarize the concluding remarks for the period examined. For the first six months of 2026, we reported the net income of 13.18 million, an increase of 409% from 2025, an adjusted net income of 15.28 million, an increase of 562% from 2025, an EBITDA of 16.6 million representing an increase of 176% from 2025, and an adjusted EBITTA of 18.7 million, an increase of 226% from 2025. These numbers speak for themselves as to the remarkable results achieved by our company. They proved that the strategy of expansion and diversification was a lucrative one, and we have built a debt-free fleet that showed the tangible path to rapid growth, exploited the current market conditions, and accomplished such a performance. We are confident that the second half of the year will mirror the first half, as our expansion efforts are projected to boost profitability, fortify financial strength, and introduce flexibility vital for C3IS future operational strategies. We would like to thank you for joining us today and look forward to having you with us again at our next call for the results of the third quarter of 2026.