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Navios' tanker unit in Q2 deficit

The tanker carrier at Greek Navios' was hit in the second quarter by fluctuating oil prices and uncertain commodity prices going forward. The company lost USD 4.6 million in Q2.

Navios Maritime had profitable Q2

Higher rates helped the Greek carrier to a profitable second quarter. The carrier has spent the year on renewing and expanding its fleet, says CEO Angeliki Frangou in the interim report.

Nine bulk carriers lost USD 721 million in six months

The major bulk carriers listed in the US had a miserable first half of the year with a massive aggregate deficit, according to review by Alphabulk. The companies look set to lose over one billion US dollars in 2016.

Navios exits second quarter with a deficit

Container and dry bulk carrier Navios finished the second quarter this year with a loss of USD 16.8 million. The restructuring with Hyundai Merchant Marine is now settled, and ship divestments are generating liquidity.

Navios: Bulk market as difficult as ever existed

The dry bulk downturn hit Navios Maritime Holdings' result and revenue in 2015, which became "as difficult a market as ever existed in shipping", notes CEO. But the carrier sees positive developments ahead.

Fire sale of tanker shares in brutal shipping market

Investors are unloading tanker shares on a large scale, reports Deutsche Bank. Clarksons Platou notes that the recent share slides are headed by carriers such as Scorpio Tankers, Navios Maritime Acquisition, Teekay Tankers and American Shipping.

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