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Zero charter rates confirmed today as dry-cargo pain intensifies.
Navios Partners tops bets
Navios Maritime Partners topped forecasts in the second quarter as a growing fleet swelled its bottom line.
New York-listed Navios Partners also bolstered its dividend payment following its improved performance.
Its profit tripled from $3.6m to $13.2m, it tells investors Monday.
Earnings per share of 37 cents beat the 34 cents forecast on Wall Street, according to a Reuters’ poll.
Revenue at the shipowner shot up by 50% to $33.3m, helped by the addition of five vessels over the past 12 months.
Navios Partners will pay out 42 cents per share for the quarter, a 1.2% improvement, its results statement says.
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