Navios Stock Price, News & Analysis

On June 10, 2021, Navios Maritime Partners L.P. (NMM) announced the delivery of three drybulk vessels, enhancing its fleet to 89 vessels with a total capacity of 8.2 million dwt. The newly acquired vessels include two 2021-built Kamsarmax vessels, Navios Amitie and Navios Star, both chartered at 110% of the Baltic Panamax Index until 2024, potentially earning $31,720 per day. Additionally, Navios Koyo, a 2011-built Capesize vessel, was acquired for $28.5 million and is currently in the spot market, expected to earn around $24,039 daily.

Navios Maritime Partners L.P. (NYSE: NMM) reported strong Q1 2021 results, with total revenue of $108.8 million, up 40% year-over-year, driven by a significant increase in time charter revenues. The company achieved an Adjusted EBITDA of $56.4 million. Following the merger with Navios Maritime Containers on March 31, 2021, its fleet expanded to 89 vessels, enhancing operational capacity. The quarterly cash distribution declared is $0.05 per unit, payable on May 14, 2021. Navios expects to generate future revenues of approximately $278.9 million for the next nine months.

Navios Maritime Partners L.P. (NYSE: NMM) will host a conference call on April 29, 2021, at 8:30 am ET to discuss first-quarter earnings results ending March 31, 2021. The results will be reported prior to the call.

A supplemental slide presentation will be available on the company's website at 8:00 am ET on the same day. US and international dial-in numbers have been provided, along with a conference ID for participants. A replay of the conference call will be accessible for one week after the live event.

Navios Maritime Partners L.P. (NYSE:NMM) has filed its Annual Report on Form 20-F for the year ending December 31, 2020, with the SEC. This report is available on their website in the 'Investors' section. Unitholders can request a hard copy of the complete audited financial statements for free by contacting the company directly. Navios Partners operates a fleet of dry cargo vessels, continuing to provide essential shipping services in the maritime industry.

Navios Maritime Partners L.P. (NYSE: NMM) has successfully completed the acquisition of Navios Maritime Containers L.P. (NASDAQ: NMCI) as of March 31, 2021. This merger is expected to diversify operations and enhance earnings capacity. The transaction involved the issuance of approximately 8.23 million common units of Navios Partners at an exchange ratio of 0.39. Holders of Navios Containers' common units received a 325.4% premium based on the November 2020 closing price. The acquisition aims to simplify organizational structure, reduce costs, and strengthen cash flow.

Navios Maritime Partners L.P. (NMM) reported a 2020 revenue of $226.8 million, with a fourth-quarter revenue of $69.2 million. Adjusted EBITDA for 2020 was $99.8 million, down from $120 million in 2019. A merger with Navios Maritime Containers will enhance fleet diversity and scale. Contracted revenue for 2021 already exceeds $354 million. The fleet will expand to 85 vessels post-merger. Cash distribution for Q4 2020 is $0.05 per unit. However, the company reported a net loss of $68.5 million for the year.

Navios Maritime Partners (NYSE: NMM) will host a conference call on March 24, 2021, at 8:30 am ET to discuss its Q4 and year-end earnings results for the year ended December 31, 2019. The results will be released prior to the call. A supplemental slide presentation will be available on their website at www.navios-mlp.com at 8:00 am ET. The conference call will be accessible via US and international dial-ins, and a replay will be available for one week. For more information, contact Navios Maritime Partners' Investor Relations.

Navios Maritime Partners L.P. (NYSE:NMM) declared a cash distribution of $0.05 per unit for the quarter ending December 31, 2020, translating to an annualized rate of $0.20. This distribution will be payable on February 12, 2021, to unit holders of record as of February 9, 2021.

The announcement reflects Navios Partners' commitment to providing returns to its investors, amidst the ongoing challenges posed by market conditions and global events.

Navios Maritime Partners (NYSE: NMM) has announced a definitive merger agreement with Navios Maritime Containers (NASDAQ: NMCI). Under this agreement, public unitholders of Navios Containers will receive 0.39 common units of Navios Partners for each unit they hold, valuing each unit at $4.37—a 102.2% premium compared to its last closing price before the announcement.

This merger aims to simplify Navios Partners' capital structure, reduce costs, enhance trading liquidity, and increase earnings capacity, with a tax-free exchange for unitholders. Approval is pending from a majority of Navios Containers' unitholders.