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Stock Market & Financial Investment News

News Breaks
January 28, 2013
08:30 EDTNMMNavios Maritime Partners downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Navios Maritime Partners citing valuation and the potential for a distribution cut in 2014. Note shares were also downgraded this morning at Deutsche Bank.
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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