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 Maritime Partners L.P. Reports Financial Results for the First Quarter of 2021 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Navios Maritime Partners L.P. Reports Financial Results for the First Quarter of 2021
Merger with Navios Maritime Containers L.P. completed on March 31, 2021
Revenue:
$65.1 million from Navios Partners
$43.7 million from Navios Containers
Net cash from operating activities:
$27.4 million total net cash from operating activities for Q1 2021
$16.2 million from Navios Partners
$11.2 million from Navios Containers
Adjusted EBITDA:
$33.7 million from Navios Partners
$22.7 million from Navios Containers
$500.0 million financing
Significant fleet expansion
$0.05 per unit cash distribution for Q1 2021
MONACO, April 29, 2021 (GLOBE NEWSWIRE) Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo vessels, today reported its financial results for the first quarter ended 2021.
Navios Maritime Partners L.P. Reports Financial Results for the First Quarter of 2021 marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
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