Thank you for standing by, ladies and gentlemen, and welcome to the Heidmar conference call on the third quarter 2025 financial results. We have with us Mr. Pankaj Khanna, Chief Executive Officer, and Mrs. Niki Fotiou, Chief Financial Officer of the company. Currently, all participants are in a listen-only mode. There'll be a presentation followed by a question-and-answer session, at which time, if you wish to ask a question, please press star one on your telephone keypad and wait for your name to be announced. I must advise you that this conference is being recorded today. Please be reminded that the company announced the results with a press release that has been publicly distributed. Before passing the floor to Mr. Khanna, I would like to remind everyone that in today's call, Heidmar will be making forward-looking statements. These statements are within the meaning of the federal security laws. Matters discussed may be forward-looking statements which are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. I would now like to pass the floor back to Mr. Khanna. Please go ahead, sir. Good day to everyone, and welcome to the third quarter earnings call for Heidmar Maritime. Niki Fotiou will walk through the results for Q3 and the first nine months of the year. I now hand over to Niki. Go ahead, Niki. Thank you, Pankaj. I will now present the three-month and nine-month results for Heidmar for the period ended September 30, 2025. For the three-month period ended September 30, 2025, Heidmar realized a consolidated net profit from continuing operations of $1.2 million, which is in line with that for the corresponding period ended September 30, 2024. The net profit from continuing operations includes the amortization of the shares awarded to the employees and the members of the board under the equity incentive plan of $0.7 million. The shares are amortized over a two or four-year period and are included in the G&A. After adjusting for the amortization of the shares, Heidmar realized adjusted net income of $1.8 million in the quarter. Total revenues were $15.6 million compared to the $7.2 million for the corresponding period in 2024. The increase of $8.4 million was driven by growth in the managed fleet and the increased number of vessels that commenced short-term voyage and timed charter contracts during the quarter, including the PSV, which commenced operations in April 2025. The impact on the revenue of these vessels will continue in the fourth quarter. As of now, the market forecast for the tanker freight rates during the winter market in Q4 and Q1 looks pretty strong, and Pankaj will talk more about it. Our G&A expenses were $3.1 million for the three months ended September 2025, compared to $2.7 million for the three months ended September 30, 2024. The increase of $0.4 million was mainly attributable to the amortization of the stock-based compensation under the equity incentive plan. During the third quarter, a strategic decision was made to sell our loss-making subsidiary, Heidmar Trading DMCC, to the management of the unit, which resulted in a net gain of $61,000. For the nine-month period ended September 30, 2025, the company realized a consolidated net loss from continuing operations of $4.8 million as compared to net income of $3 million for the corresponding period September 30, 2024. Continuing operations exclude the impact of the flag boat business, Americana Liberty, that was sold in Q2. During this period, operations generated $3.4 million of net income, which excludes $4.3 million in non-cash stock-based compensation and $3.9 million in the unrealized expense relating to the fair value of the earnout shares. The net loss of $18.6 million for the nine-month period ended September 30, 2025, includes $13.8 million net loss from discontinued operations, which comprises: one, the goodwill impaired on disposal of Americana Liberty, a non-cash item of $11.2 million; the realized loss on the sale of the subsidiary of $1.7 million; and the operating loss incurred by Americana during the period of $0.9 million. Total revenues were $30.8 million compared to $23.6 million for the corresponding period in 2024. The increase of $7.2 million is driven by the growth in the managed fleet, improvement in freight rates, increased number of vessels that commenced short-term and timed charter contracts during the quarter, and the PSV A supply, which commenced operations in April 2025. Our G&A expenses were $13.5 million for the nine months ended September 30, 2025, compared to $9.6 million for the nine months ended September 30, 2024. The increase of $3.9 million is mainly attributable to the costs incurred when the company listed on the NASDAQ, Americana Liberty-related costs, various filings with the SEC that were required due to the listing, and the amortization of the stock-based compensation under the equity incentive plan and the non-cash bonus awarded to certain executives. Under the purchase agreement with BEY that was announced in June 2025, as of September 30, we have sold 202,000 shares, generating net proceeds of $256,000. I now hand over to Pankaj to continue the presentation. Thanks, Niki. The increase in revenue from $7.2 million to $15.6 million is indicative of the Heidmar platform firing on all cylinders as we add more vessels to the fleet on commercial and technical management, and also as freight rates for tankers recovered post the summer lull. We have already posted press releases on the fleet additions, so I won't go through them in detail, but the spread of vessels taken in and the motivation behind them is worth mentioning. The Suezmax new building that joined was from the Capital Ship Management fleet and is an indicator of the strong relationship we have with the group and the continuing support. This addition and the five additional Suezmax new buildings expected next year will establish Heidmar with a strong presence in the Suezmax market, with super eco state-of-the-art tankers at an opportune time in the market. Capital has a large tanker order book, and assuming all vessels join the Heidmar fleet, we expect to see a total of 17 VLCCs, Suezmaxes, and LR2s over the coming two to three years. The LR1 sector has an average age of over 15 years and has not had much by way of new buildings join in several years. This has starved all top oil companies of eco-friendly alternatives in the sector. Now that we are operating two state-of-the-art super eco LR1s, we can offer our clients vessels to carry their cargo that help them reach their goals on sustainability. Finally, the addition of the two LR2s from one client on technical and commercial management is a testament to the advantage offered by the Heidmar platform. We can offer the client an integrated solution to safeguard their asset, which has invested capital of between $50 million-$140 million per new building tanker. This maximizes earnings potential and at the same time provides efficiency on the day-to-day operations. We hope other customers will also realize the benefit of the integrated model and take advantage of the Heidmar offering. As an update on the delivery of the container vessel ADOR XX, we have finalized and signed the facility agreement for a $12.4 million debt facility, part funding the acquisition of the vessel. The facility is on competitive terms, especially given that it's our first vessel acquisition. All the pieces are in place, and we expect the vessel will be ready for delivery in November. Tanker markets have always been driven by geopolitics, but the last four years have been especially volatile given the wars in Europe and the Middle East, but also the many political upheavals we have seen in other countries. The last 10 months have been challenging as the industry tackles the fallout from tariff wars and related measures. Last month, we were in the midst of the port fees conflict between the U.S. and China, which would have caused serious inefficiencies in the trading of the fleet and massive port costs for the vessels that were caught unawares by the sudden announcement. Thankfully, this has been paused for one year now and hopefully will not be a factor going forward. For the record, we are not a U.S.-controlled company as was defined by the Chinese authorities in their port directive, and therefore the fees did not apply to us. In any case, where we are today, VLCCs are earning close to or more than $100,000 per day, depending upon the route, as crude oil is flowing from OPEC, actually mostly Middle East countries, and also from growth in Brazil, Guyana, and US Gulf exports. Russian crude oil exports have diminished due to the sanctions, and product exports have dried up due to continuing attacks on refineries in Russia. Chinese buildup of crude oil stocks has been a key factor in the tanker market this year, and we see a shift in Indian buying of crude from Russia to other sources. We expect a very strong freight market over the rest of the fourth quarter and into Q1, mainly benefiting the larger tankers. As the Heidmar fleet grows with additions and freight rates are as strong as we are experiencing, we expect this to be reflected in our top line and bottom line going forward. Now I will take questions. Thank you. We will now be conducting a question-and-answer session. If you would like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate that your line is in the question queue. You may press star two if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment, please, while we pull for questions. Our first question comes from Tate Sullivan with Maxim Group. Please proceed with your question. Thank you. Good day. You had a meaningful quarter-over-quarter increase in revenue in EBITDA, and then looking at voyage and timed charter revenue, about $12.7 million, up from $6.2 million in the prior quarter. Is a meaningful portion of that from charter-in and charter-out revenue? Correct, yes. Following up on that, I mean, can you give a rough idea how many ships that is? The charter-in and charter-out strategy, is it average duration for the contracts, one month to three months, or longer? If you can share some more details, please. I mean, this is an opportunistic strategy. It's not something that I can give guidance on that we will always have some of this, but in typical terms, it is one to three months, yes. Okay. Okay, I can look at that. And then the container, so then this current quarter did not include any results from the container ship, and you expect it for delivery in the fourth quarter around sometime this month. Is that correct? Yes, correct. Okay, thank you. Can you talk about the, so you have the financing for the container ship, $12.4 million. Do you have any other interest bearing on the balance sheet or do you still have the payable to Capital on the balance sheet? I mean, are we talking about the Obelix or anything else? Payable to shareholder balance, yeah. Was $5.2 million in 6/30 and just one year. Yeah, so that was no, we don't have that. That was not interest bearing in any case. That, along with the sale of the subsidiary in Dubai, that liability has gone with it as well. Okay, excellent. Okay, I think that's, and then just going for the quarter-over-quarter volatility, I mean, you have growth in the managed fleet on that, so that's quite consistent. Can you talk about how many ships you currently have under management? I mean, we can do the math on our side. Yeah, I mean, we have on the tanker side, we're now up to about 40 vessels under management. The dry cargo fleet is actually the minimum now. On the tanker side, we're at about 40. We are about the first two LR2s, delivery is imminent, which will be in Q4. There's a potential third LR2 as well, which could be, I mean, that's not signed up as yet, but it's being discussed. Okay, excellent. Thank you very much. Good. Our next question comes from Liam Burke with B. Riley Securities. Please proceed with your question. Thank you. Good afternoon, Pankaj, Niki. Pankaj, these vessels that you bought in under either CMAs or technical management or both are high-quality eco vessels. How are you competing, and the rates are pretty elevated right now. How are you competing with an owner that can timed charter it out and sort of avoid the additional fees that you charge? How are you competing successfully against that alternative? It's because, I mean, this is the power of the Heidmar platform, right? When we provide our earnings performance to the owners, we outperform most of what people have done outside in timed charters. Without naming names, there is a company that has put a vessel, a modern Suezmax out at a number where we could have done much better than that because of the relationships that we have in the industry. We are able to demonstrate results, even including our fees, which are better than what people can get by themselves, mainly because of the relationships that we have. Great. In the fleet pool business, I mean, that's something that has significant value-add. Understanding rates are high, people have less incentive to put assets into a pool fleet. How does the outlook for that business near term? Tanker pools are also cyclical, but they are counter-cyclical in the sense that when the rates are low, people turn to pools because they want cash flow and they want the asset to be operating 365 days, which the pool can do. When the rates are as high as they are right now, people look to timed charters and they look to do their chartering themselves, and they're not so concerned about cash flow. That is when they're not in pools. The fact is that all the pools out there are losing vessels, not because they're not performing. It's because this is not the right time for people to be in pools. We have seen that. We saw our fleet decline, and then on the other side, owners have come to us because of the offering to say, "We want commercial management, and we want to be the master of our own destiny in a sense." We offered that product. I think on the pooling business, it will come back again when the rates are lower, and pools will grow again. In the meanwhile, the commercial management business is growing. Great. Thank you, Pankaj. You're welcome. We have reached the end of our question-and-answer session. I would now like to turn the floor back over to Mr. Khanna for closing comments. All right, thank you, everyone. Thanks for your attention, and we'll speak soon in the next quarter. This concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation.