The bulker and boxship owner said part ofthe settlement had already boosted its net profit to $18.36m in the firstquarter, against $16.24m in the same period of 2013.
The March deal saw the termination of itscredit default insurance with a third-party insurer, giving NMM a $50m paymentin cash, of which it has received $31m already.
The rest will come from the sale of adefaulted counterparty claim.
On
