Navios Maritime Partners L.P. reports developments for an international owner and operator of dry cargo and tanker vessels. Recurring updates cover vessel operations, chartering conditions, quarterly and annual results, and commentary on the company's fleet, which includes dry bulk vessels, containerships and tankers.
Company news also includes cash distributions on common units, senior unsecured bond and other capital-structure matters, Form 20-F availability, and governance or senior leadership changes tied to corporate legal affairs, SEC reporting and commercial operations.
Navios Maritime Partners (NYSE: NMM) will host a conference call on July 29, 2020, at 8:30 am ET to discuss Q2 2020 earnings results. The company will report its financial results for the second quarter and six months ended June 30, 2020, prior to the call. Investors can access a supplemental slide presentation on the Navios Partners website starting at 8:00 am ET on the same day. The call will be available via replay for one week after the live event. For more details, visit www.navios-mlp.com.
Navios Maritime Partners L.P. (NYSE: NMM) reported Q1 2020 revenue of $46.5 million, slightly down from $46.8 million in Q1 2019. Adjusted EBITDA was $19.1 million, down from $22.7 million year-over-year. The company announced a cash distribution of $0.30 per unit, payable on May 14, 2020. The ongoing pandemic has significantly impacted charter rates, with the capesize 5TC rate averaging $5,300 per day, a 70% decline from the 2019 average of $18,000. The liquidation of Navios Europe II is expected in Q2 2020.
Navios Maritime Partners (NYSE: NMM) will host a conference call on May 13, 2020, at 8:30 am ET to discuss its Q1 2020 earnings results. The earnings report will be released prior to the call, and a supplemental slide presentation will be accessible on the company's website by 8:00 am ET on the same day. Dial-in details for both the live call and its replay have been provided. This event underscores Navios Partners' ongoing communication with investors regarding its operational performance.
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