Angeliki Frangou

Navios Maritime Partners L.P. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2023

Retrieved on: 
Thursday, November 2, 2023
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On September 22, 2023, Navios Partners agreed to sell a 2004-built Capesize vessel of 180,310 dwt, to an unrelated third party, for gross sale proceeds of $13.0 million.

Key Points: 
  • On September 22, 2023, Navios Partners agreed to sell a 2004-built Capesize vessel of 180,310 dwt, to an unrelated third party, for gross sale proceeds of $13.0 million.
  • During the first nine months of 2023, Navios Partners agreed to acquire four newbuilding Japanese MR2 product tankers from unrelated third parties, under bareboat contracts.
  • The Board of Directors of Navios Partners declared a cash distribution for the third quarter of 2023 of $0.05 per unit.
  • For the following results and the selected financial data presented herein, Navios Partners has compiled condensed consolidated statements of operations for the three and nine month periods ended September 30, 2023 and 2022.

Navios Maritime Partners L.P. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023

Retrieved on: 
Wednesday, August 23, 2023
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During the second quarter of 2023, Navios Partners sold the Aurora N, the Navios Anthos, the Navios Libertas and the Serenitas N, to various unrelated third parties, for an aggregate sales price of $59.6 million.

Key Points: 
  • During the second quarter of 2023, Navios Partners sold the Aurora N, the Navios Anthos, the Navios Libertas and the Serenitas N, to various unrelated third parties, for an aggregate sales price of $59.6 million.
  • During the second quarter of 2023, Navios Partners agreed to acquire two newbuilding Japanese MR2 Product Tanker vessels from an unrelated third party, under bareboat contracts.
  • As discussed above, during the second quarter of 2023, Navios Partners agreed to enter into a bareboat-in agreement for two Japanese newbuilding tanker vessels.
  • The Board of Directors of Navios Partners declared a cash distribution for the second quarter of 2023 of $0.05 per unit.

MRMP Amends 13D; Sends Follow-Up Letter to Navios Maritime Partners LP

Retrieved on: 
Friday, September 3, 2021
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MRMP-Managers LLC (MRMP), announced today that it has sent a follow-up letter to the Board of Directors of Navios Maritime Partners LP (the Company or NMM) (NYSE: NMM) following the announcement by the Company of certain transactions.

Key Points: 
  • MRMP-Managers LLC (MRMP), announced today that it has sent a follow-up letter to the Board of Directors of Navios Maritime Partners LP (the Company or NMM) (NYSE: NMM) following the announcement by the Company of certain transactions.
  • MRMP has attached a copy of its second letter to the Company as an exhibit to the 13D amendment filed today.
  • This press release and MRMPs follow-up letter to NMM (attached as an exhibit to the Schedule 13D/A filed today) contain forward-looking statements.
  • MRMP and its affiliates do not assume any obligation to update any forward-looking statements contained in this press release, except as required by applicable law.

Navios Maritime Partners L.P. Announces a Merger with Navios Maritime Acquisition Corporation

Retrieved on: 
Thursday, August 26, 2021
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MONACO, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo vessels, and Navios Maritime Acquisition Corp. (“Navios Acquisition”) (NYSE:NNA), an international owner and operator of tanker vessels, announced today a definitive transaction agreement providing for a combination of Navios Partners and Navios Acquisition in a transaction in which shareholders of Navios Acquisition will receive 0.1275 of a common unit of Navios Partners for each outstanding common share of Navios Acquisition. All of Navios Acquisition’s outstanding 8.125% First Priority Ship Mortgage Notes, due on November 15, 2021 (the “Ship Mortgage Notes”), will be redeemed in accordance with their terms with the proceeds of a cash contribution from Navios Partners and newly arranged secured term loan financings (the “Transaction”).

Key Points: 
  • MONACO, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (Navios Partners) (NYSE: NMM), an international owner and operator of dry cargo vessels, and Navios Maritime Acquisition Corp. (Navios Acquisition) (NYSE:NNA), an international owner and operator of tanker vessels, announced today a definitive transaction agreement providing for a combination of Navios Partners and Navios Acquisition in a transaction in which shareholders of Navios Acquisition will receive 0.1275 of a common unit of Navios Partners for each outstanding common share of Navios Acquisition.
  • Pursuant to the definitive transaction agreement, Navios Acquisition will merge with a subsidiary of Navios Partners and become a wholly owned subsidiary of Navios Partners.
  • In the merger, Navios Acquisitions shareholders will receive 0.1275 of a common unit of Navios Partners for each common share of Navios Acquisition.
  • These forward-looking statements are neither forecasts, promises nor guarantees, and are based on the current beliefs of management of Navios Partners and Navios Acquisition as well as assumptions made by and information currently available to Navios Partners and Navios Acquisition.

Navios Maritime Holdings Inc. Announces Redemption of $100.0 Million of 11.25% Senior Secured Notes due 2022

Retrieved on: 
Monday, July 26, 2021
Navios Maritime Holdings, Companies, Angeliki Frangou

After the redemption, $205,000,000 in aggregate principal amount of Notes remain outstanding.

Key Points: 
  • After the redemption, $205,000,000 in aggregate principal amount of Notes remain outstanding.
  • Navios Maritime Holdings Inc. (NYSE: NM) is a global seaborne shipping and logistics company focused on the transport and transshipment of dry bulk commodities including iron ore, coal and grain.
  • For more information about Navios Holdings, please visit our website: www.navios.com .
  • Navios Holdings makes no prediction or statement about the performance of its common stock or debt securities.

Navios Maritime Holdings Inc. Announces Entry Into New Senior Secured Term Loan Facility

Retrieved on: 
Wednesday, June 30, 2021
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GRAND CAYMAN, Cayman Islands, June 30, 2021 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (Navios Holdings or the Borrower) (NYSE: NM), a global seaborne shipping and logistics company, today announced the following events:

Key Points: 
  • GRAND CAYMAN, Cayman Islands, June 30, 2021 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (Navios Holdings or the Borrower) (NYSE: NM), a global seaborne shipping and logistics company, today announced the following events:
    Navios Holdings entered into a Senior Secured Term Loan facility with an entity (Lender) affiliated with its Chairman and Chief Executive Officer, providing for a loan of $115.0 million (the Loan) to -
    Tranche B of the Loan will mature on February 28, 2023.
  • The Loan will be secured by:
    First priority pledge on the Securities Account holding $33.7 million in aggregate principal amount of Navios Holdings 7.375% First Priority Ship Mortgage Notes due 01/15/2022 (NM Ship Mortgage Notes) and 40,587 common units of Navios Maritime Partners L.P. (NYSE: NMM).
  • Second priority share pledge on the Navios South American Logistics Inc. (Navios Logistics) shares owned by the Borrower.
  • Navios Holdings Board of Directors formed a Special Committee of independent and disinterested directors to evaluate the Loan.

Navios Maritime Partners L.P. Announces Agreement to Acquire Five Drybulk Vessels

Retrieved on: 
Tuesday, June 29, 2021
Navios Maritime Holdings, Angeliki Frangou

Following the above agreements, Navios Partners fleet (basis fully delivered fleet) consists of 94 vessels, of which 56 are dry bulk vessels and 38 are containerships.

Key Points: 
  • Following the above agreements, Navios Partners fleet (basis fully delivered fleet) consists of 94 vessels, of which 56 are dry bulk vessels and 38 are containerships.
  • About Navios Maritime Partners L.P.
    Navios Maritime Partners L.P. (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels.
  • These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made.
  • Navios Partners makes no prediction or statement about the performance of its common units.

Navios Maritime Partners L.P. Announces Long Term Charters on Five Containerships

Retrieved on: 
Tuesday, June 15, 2021
Navios Maritime Holdings, Angeliki Frangou

NMMs fleet (on a delivered basis) consists of 89 vessels, of which 51 are dry bulk vessels and 38 are containerships.

Key Points: 
  • NMMs fleet (on a delivered basis) consists of 89 vessels, of which 51 are dry bulk vessels and 38 are containerships.
  • About Navios Maritime Partners L.P.
    Navios Maritime Partners L.P. (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels.
  • These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made.
  • Navios Partners makes no prediction or statement about the performance of its common units.

Navios Maritime Partners L.P. Announces Delivery of Three Vessels

Retrieved on: 
Thursday, June 10, 2021
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MONACO, June 10, 2021 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (Navios Partners) (NYSE: NMM), an international owner and operator of dry cargo vessels, announced today that it has taken delivery of the following three drybulk vessels:

Key Points: 
  • MONACO, June 10, 2021 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (Navios Partners) (NYSE: NMM), an international owner and operator of dry cargo vessels, announced today that it has taken delivery of the following three drybulk vessels:
    Navios Amitie - a 2021-built, Kamsarmax vessel with 82,002 dwt, was delivered into Navios Partners fleet on May 28, 2021.
  • Navios Star-a 2021-built Kamsarmax vessel with 82,037 dwt, was delivered into Navios Partners fleet on June 10, 2021.
  • Navios Koyo - a 2011-built Capesize vessel with 181,415 dwt, was delivered into Navios Partners fleet on June 4, 2021.
  • About Navios Maritime Partners L.P.
    Navios Maritime Partners L.P. (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels.

Navios Maritime Holdings Inc. Announces the Date for the Release of Fourth Quarter and Year Ended December 31, 2020 Results, Conference Call and Webcast

Retrieved on: 
Monday, April 19, 2021
Navios Maritime Holdings, Companies, Angeliki Frangou

b'MONACO, April 19, 2021 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE:NM) announced today that it will host a conference call on Wednesday, April 21, 2021 at 8:30 am ET, at which time Navios Holdings\' senior management will provide highlights and commentary on earnings results for the fourth quarter and year ended December 31, 2020.

Key Points: 
  • b'MONACO, April 19, 2021 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE:NM) announced today that it will host a conference call on Wednesday, April 21, 2021 at 8:30 am ET, at which time Navios Holdings\' senior management will provide highlights and commentary on earnings results for the fourth quarter and year ended December 31, 2020.
  • The Webcast will be available on the Navios Holdings website, www.navios.com , under the "Investors" section.
  • The Webcast will be archived and available at the same Web address for two weeks following the call.\nAbout Navios Maritime Holdings Inc.\nNavios Maritime Holdings Inc. (NYSE:NM) is a global, seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.
  • For more information about Navios Holdings please visit our website: www.navios.com .\n'