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Shipping Markets' Rebound, Boost Navios Maritime Holdings' First Half Financial Results, As the Company Expects Further Gains in the Near Term

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.

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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
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.

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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 ....

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Navios Maritime Holdings Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 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 no ....

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Navios Maritime Holdings Inc. Reports Financial Results for the Fourth Quarter and Year Ended ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
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. ....

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