Navios Maritime Partners (NMM) Tops Q2 EPS by 4c
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Navios Maritime Partners L.P. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2017
July 27, 2017 8:04 AM EDTRevenue: $92.4 million for the six months; $50.0 million in Q2Adjusted EBITDA: $58.1 million for the six months; $32.2 million in Q2Agreement to acquire two drybulk vesselsDrybulk Fleet renewal program- Seven vessels acquired in 2017- One vessel sold- ~ 9% reduction in drybulk fleet age- 33% increase in drybulk fleet capacityNavios Maritime Containers Inc. (Navios Containers)- Raised $50.0 million- Acquired the 14-container vessel fleet from RMT and reimbursed NMM all costs + $5.0 million- NMM invested $30.0 million for ~ 60% + warrants for 6.8%
MONACO, July 27, 2017 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (Navios Partners or the Company) (NYSE:... More
