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.
‘Sky’s the limit’ for already lofty container-ship charter rates
Just when you thought container shipping couldn’t get any hotter, it has. Liners are desperate for more ships to handle booming cargo demand. Companies known as tonnage providers or nonoperating owners (NOOs) which own ships and lease them to liners are now achieving rates and charter durations that haven’t been seen since the mid-2000s.
The “sky’s the limit for charter rates,” said Alphaliner in its new weekly outlook. “There is no end in sight to the current strong market, with the squeeze of [vessel] supply showing no sign of easing in the medium term, while demand remains robust across all ship sizes. New significant milestones have been achieved on the rate front.”