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Navios Maritime reports improved result in stronger bulk market

Navios Maritime Holdings was able to reduce its deficit significantly in 2017, a year that saw much stronger dry bulk rates than the year before, especially in the fourth quarter.

Photo: Modelfoto/Colourbox

Greek-based dry bulk carrier Navios Maritime Holdings benefited from the stronger rates in the dry bulk market last year.

The company's full-year deficit is down almost 50 percent, while operations have improved, as evident from the group's annual report 2017, which also covers a logistics business with activities in the terminal sector.

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