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Stock Market & Financial Investment News

News Breaks
January 12, 2012
09:25 EDTNNA
theflyonthewall.com: Navios Acquisition announces charters
Navios Maritime Acquisition Corporation announced that it has chartered out five newbuilding MR2 product tankers. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition, stated, "By chartering out forward deliveries, we continue our strategy of building long-term cash flow while also securing upside potential through the mechanism of profit sharing. As a result, we can continue patiently to wait for market improvement. In the meantime, our stakeholders can be confident in our outlook and our shareholders should enjoy a continued dividend which currently provides a return of more than 7% annually." :theflyonthewall.com



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