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Stock Market & Financial Investment News

News Breaks
January 28, 2013
06:03 EDTNMMNavios Maritime Partners downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Navios Maritime Partners citing valuation and heightened distribution risk. The firm lowered its price target for shares to $14 from $16.
News For NMM From The Last 14 Days
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February 26, 2015
09:35 EDTNMMNavios Maritime Partners acquires option to acquire on TEU container vessel
Navios Maritime Partners announced that it has secured, for no consideration, an option to acquire a 2012 South Korean-built container vessel of 13,100 TEU from an unrelated third party. The vessel is currently chartered out to a high quality counterparty for a twelve-year period ending May 2027. The main terms of the option are an acquisition price of $147.8M; latest exercise date of June 5; delivery of vessel in Q3; remaining charter duration at delivery of 12 years with Navios Partners' option to terminate after year seven; a charter rate of $60,275, net per day.

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