Search results for: Navios Maritime Holdings

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  • 25 May 2017
    Business & Finance

    Greek shipping firm Navios Maritime Holdings widened its net loss in the first quarter of 2017, reaching USD 48.7 million, compared to a net loss of USD 7.5 million posted in the same period a year earlier. In the three month period ended March 31, 2017, the company’s revenue dropped to USD 95.3 million from […]

  • 22 August 2017
    Business & Finance

    Greek shipping company Navios Maritime Holdings suffered a net loss of USD 37.3 million in the second quarter of this year, widened from a net loss of USD 26.4 million posted in the same period a year earlier. However, during the second quarter of this year, the company managed to cut its net loss from […]

  • 25 August 2016
    Business & Finance

    Greek dry bulk shipping company Navios Maritime Holdings reported its quarterly net loss at USD 26.4 million, compared with a net loss of USD 24.8 million seen in the same period of 2015. The increase in net loss was mainly due to a decrease in EBITDA, a decrease in income tax benefit, an increase in amortization for deferred drydock […]

  • 6 November 2017
    Business & Finance

    Greek shipping firm Navios Maritime Holdings is looking to raise up to USD 300 million through a private offering of senior secured notes due 2022. The company, together with Navios Maritime Finance II (US) Inc., its finance subsidiary, intends to offer and sell the notes in the United States “only to persons reasonably believed to be qualified […]

  • 15 May 2012
    Business & Finance

      Navios Maritime Holdings Inc. (“Navios Holdings”), a large, global, vertically integrated seaborne shipping and logistics company, announced that the Navios Avior, a new building Kamsarmax vessel of 81,355 dwt, was delivered yesterday from a South Korean shipyard to Navios Holdings’ owned fleet. The vessel is chartered-out for 2 years at a net rate of […]

  • 21 February 2019
    Business & Finance

    The 50,316 dwt bulker was sold to an unnamed buyer in February this year.

  • 22 November 2017
    Business & Finance

    Although its revenues increased during the third quarter of 2017, Greek shipping firm Navios Maritime Holdings delivered a slightly widened net loss in the period. The company said that its net loss for the three month-period ended September 30 stood at USD 28.3 million, slightly more compared to a net loss of USD 27.5 million reported […]

  • 19 June 2012
    Business & Finance

      Navios Maritime Holdings Inc., a global, vertically integrated seaborne shipping and logistics company, announced yesterday that it has sold the Navios Buena Ventura, a 2010-built Capesize vessel of 179,259 dwt, to Navios Maritime Partners L.P. for a $67.5 million cash consideration. Navios Holdings has used $26.8 million out of the proceeds of the transaction […]

  • 10 June 2015
    Business & Finance

    Navios Maritime Holdings, Navios Maritime Acquisition Corporation and Navios Maritime Partners have closed the transaction for the acquisition of 14 vessels from debtors of Germany’s HSH Nordbank AG (HSH), as well as formed a jointly-owned company to manage the vessels dubbed Navios Europe (II) Inc. The 14 vessels include seven dry bulkers and seven container vessels with an […]

  • 2 September 2019
    Business & Finance

    The ship management division was sold to N Shipmanagement Acquisition Corp. and related entities.

  • 26 May 2016
    Business & Finance

    After it received a contract termination from the Brazilian mining giant Vale International, the Greek dry bulk shipping company Navios Maritime Holdings is standing its ground with intentions to take legal action against the company. At the end of March, the mining company informed that it will not be performing the 20-year service contract for the iron ore facility […]

  • 30 March 2012
    Business & Finance

    Navios Maritime Holdings Inc., announced that the Navios Centaurus, a new building Kamsarmax vessel of 81,472 dwt, was delivered today from a South Korean shipyard to Navios Holdings’ owned fleet. The vessel is chartered-out for 2 years at a net rate of $12,825 per day. It is anticipated that the Navios Centaurus will generate annual […]

  • 14 June 2016
    Business & Finance

    The Greek dry bulk shipping company Navios Maritime Holdings has started arbitration proceedings in London on June 10 over the service contract cancellation from Brazilian mining giant Vale International. Namely, at the end of March Vale said that it will not be performing the 20-year service contract related to the iron ore facility currently under construction in Nueva Palmira, Uruguay. The […]

  • 15 June 2011
    Business & Finance

      Navios South American Logistics Inc., a subsidiary of Navios Maritime Holdings Inc., yesterday announced that the Company has signed 15-year charter contracts with Petrobras for six product tanker vessels to further expand Navios Logistics cabotage business in Brazil. Navios Logistics anticipates generating approximately $590 million of EBITDA from these contracts. Navios Logistics has the […]

  • 22 December 2016
    Business & Finance

    The 20-year service contract between Greek dry bulk shipping company Navios Maritime Holdings and Brazilian mining giant Vale International remains in full force and effect, according to a London arbitration tribunal ruling. The announcement is the result of arbitration proceedings launched by Navios Maritime in June 2016 after Vale said that it will not be performing the contract related to an […]

  • 5 April 2016
    Business & Finance

    Greek dry bulk shipping company Navios Maritime Holdings has been hit with a lawsuit related to its latest round of loans amounting to USD 50 million received from Navios Maritime Acquisition in March. According to data from court documents, the lawsuit was filed by Metropolitan Capital Advisors International, a shareholder in Navios Acquisition, on behalf of the company. Namely, […]

  • 22 February 2017
    Business & Finance

    A New York arbitration tribunal has ruled in favor of Navios South American Logistics, part of Greek dry bulk shipping company Navios Maritime Holdings, on a dispute with Vale International S.A. regarding the termination date of a contract of affreightment. In line with the ruling passed in February, Vale has been ordered to pay Navios […]

  • 28 April 2017
    Business & Finance

    Greek shipping firm Navios Maritime Holdings has reached a deal with FSL Trust Management, the trustee-manager of First Ship Lease Trust, to acquire a major share in the company. Navios plans to buy 154.4 million shares in the Singapore-based First Ship Lease Trust, representing around 24.2% of the total number of issued units in FSL Trust, for […]

  • 9 May 2017
    Business & Finance

    Moody’s rating agency has affirmed the Caa3 corporate family rating of Greek shipping firm Navios Maritime Holdings and changed the outlook for all ratings to positive from negative. The rating agency affirmed the company’s probability of default rating of Caa3-PD, as well as the Caa2 rating on Navios Holdings’ USD 650 million senior secured first preferred ship […]

  • 23 November 2016
    Business & Finance

    Greek dry bulk shipping company Navios Maritime Holdings Inc. has seen its net loss for the third quarter of 2016 widen to USD 27.5 million from a net loss of USD 22 million reported in the same period in 2015 as the company continues to “emphasize cost management.” The company’s revenue for the three-month period ended […]

  • 2 July 2008

    PIRAEUS, Greece, July 1 /PRNewswire-FirstCall/ — Navios Maritime Holdings Inc. (“Navios Holdings”) (NYSE: NM – News), a large, global, vertically integrated seaborne shipping and logistics company, today announced the closing of the previously announced sale of the Navios Aurora I to Navios Maritime Partners L.P. (“Navios Partners”).

  • 2 August 2018
    Business & Finance

    Navios Partners reached a deal to buy bulk carrier duo from its affiliate, Navios Maritime Holdings.