Navios Maritime (NM) Set to Announce Earnings on Thursday etfdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etfdailynews.com Daily Mail and Mail on Sunday newspapers.
Navios Maritime Holdings Inc., a global seaborne shipping and logistics company, today reported financial results for the third quarter and nine months ended September 30, 2021. Angeliki Frangou, Chairwoman and Chief Executive Officer, stated, “I am pleased with the results for the third quarter of 2021. In the third quarter, Navios Holdings reported revenue of .
Shipping Markets' Rebound, Boost Navios Maritime Holdings' First Half Financial Results, As the Company Expects Further Gains in the Near Term hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Navios Maritime Holdings Inc. Reports First Quarter Revenues of $117 Million
Navios Maritime Holdings Inc., a global seaborne shipping and logistics company, yesterday reported financial results for the first quarter ended March 31, 2021.
Angeliki Frangou, Chairman and Chief Executive Officer, stated, “I am pleased with the results for the first quarter of 2021. In the first quarter of 2021, Navios Holdings reported revenue of $117.0 million and Adjusted EBITDA of $48.4 million.”
Angeliki Frangou continued, “The global pandemic is subsiding as the vaccines rollout gathers momentum. This along with accommodative policy measures are propelling economic activity. The IMF recently increased its 2021 GDP growth forecast 6%, giving us optimism about demand for drybulk vessels. In fact, we are enjoying this impact in our business, with our first quarter 2021 TCE rates more than double our first quarter 2020 TCE rates and about 9% higher sequentially over fourth quarter of 2020.”
Navios Partners
Post-merger: NM owns 12.6%
$36.2 million debt reduction in Q1 2021
Navios Maritime Holdings Inc. (“Navios Holdings” or “the Company”) (NYSE: NM), a global seaborne shipping and logistics company, today reported financial results for the fourth quarter and year ended December 31, 2020.
Angeliki Frangou, Chairman and Chief Executive Officer, stated, “I am pleased with the results for the fourth quarter and full year of 2020. For the full year of 2020, Navios Holdings reported revenue of $416.7 million and adjusted EBITDA of $153.4 million. For the fourth quarter, Navios Holdings reported revenue of $102.4 million and adjusted EBITDA of $37.6 million.”
Angeliki Frangou continued, “Fiscal stimulus and other policy measures have propelled global economic recovery into 2021. The IMF expects global GDP to grow by 6.0% in 2021, the highest GDP growth in the past 50 years. Mass inoculation programs are underway, facilitating a return to normalcy. Consequent