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
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Navios Maritime Holdings Inc. Reports Financial Results for the Fourth Quarter and Year Ended .
Navios Maritime Holdings, Inc.April 21, 2021 GMT
MONACO, April 21, 2021 (GLOBE NEWSWIRE)
Revenue
$102.4 million for Q4 2020
Cash provided by/(used in) operating activities
$25.2 million for FY 2020
$(10.1) million for Q4 2020
Adjusted EBITDA
$37.6 million for Q4 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.
Navios Maritime Holdings Is Optimistic About Demand for Dry Bulk Carriers in 2021
Navios Maritime Holdings Inc., 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. Consequently, we are optimistic about demand for drybulk vessels in 20
‘Sky’s the limit’ for already lofty container-ship charter rates
Alphaliner: ‘New significant milestones have been achieved on the rate front’ Container-ship charter rates still ascending (Photo: Shutterstock/Igor Terekhov)
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.”
Container shipping is about to report blockbuster Q1 earnings
Listed container-ship owners and operators won’t report final Q1 results for another month, but three early disclosures give a taste of what’s to come. The signals are flashing bright green.
Taiwan-listed Evergreen just posted record-breaking monthly operating revenues for March, while Oslo, Norway-listed MPC Containers revised its outlook upward and Hong Kong-listed COSCO Shipping announced preliminary results that shattered analyst expectations.
The first quarter is shaping up to be much better than Q4 2020. For most container-shipping companies, it could be the best quarter in their history at least, until the second quarter.