Navios Maritime Partners has amassed the firepower to add between six and 11 bulkers following a $100m fundraiser, JP Morgan says.
New York-listed Navios Partners became the latest bulker owner to seek growth capital in a rising market in a follow-on offering lead by Fearnley Securities.
While detailed use of proceeds have not been laid out, sources explain that the cash is for expansion at a company that does not have any debt amortization until 2020.
Noah
