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Navios Partners Takes Over Navios Acquisition

Navios Partners Takes Over Navios Acquisition
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Navios Partners, Acquisition merger to form US largest publicly-listed shipping company

Navios Partners, Acquisition merger to form US largest publicly-listed shipping company
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Navios Maritime Partners L P Announces a Merger with Navios Maritime Acquisition Corporation

Navios Maritime Partners L.P., an international owner and operator of dry cargo vessels, and Navios Maritime Acquisition Corp. (“Navios Acquisition”) (NYSE:NNA), an international owner and operator of tanker vessels, announced today a definitive transaction agreement providing for a combination of Navios Partners and Navios Acquisition in a transaction in which shareholders of Navios Acquisition will .

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Navios Maritime Holdings Inc Announces Entry Into New Senior Secured Term Loan Facility

Navios Maritime Holdings Inc Announces Entry Into New Senior Secured Term Loan Facility
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Navios Maritime Holdings Inc Reports First Quarter Revenues of $117 Million | Hellenic Shipping News Worldwide

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.”

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