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Stock Market & Financial Investment News

News Breaks
February 19, 2013
07:33 EDTNMNavios Maritime reports Q4 EPS $1.32, consensus (9c)
Reports Q4 revenue $128.46M, consensus $123.13M. EBITDA for year ended December 31, 2012 includes a $161.2M gain from defaulted charters' compensation and related accounts, net; and a $300K gain on the sale of the Navios Buena Ventura to Navios Partners. Net Income and Basic EPS for the year ended December 31, 2012 includes items and described in the immediately preceding paragraph, and a $4.1M accelerated amortization of intangibles.
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April 23, 2015
08:46 EDTNMNavios Maritime, Navios Acquisition, Navios Maritime Partners acquire 14 vessels
Navios Maritime (NM), Navios Maritime Acquisition (NNA) and Navios Maritime Partners (NMM) have executed a binding letter of intent to acquire 14 vessels from debtors of HSH Nordbank AG through a new joint venture. The 14 vessels include seven dry bulkers and seven container vessels with an average age of approximately 4 years. The transaction is expected to close in Q2. The Navios JV will not be consolidated into any of the Navios public entities. The transaction is still subject to certain conditions, and no assurance can be provided that the transaction will be concluded as contemplated, if at all. Navios estimates the purchase price to be paid to HSH will consist of cash and the assumption of a Subordinated HSH Participating Loan.

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