Navios Maritime reduced its deficit in 2014

Dry bulk operator Navios Maritime suffered a net loss of USD 56 million in 2014, though the carrier's revenue grew 11 percent. The company feels well-equipped for a continuing difficult marrket.

Greek dry bulk carrier Navios Maritime, listed on the New York Stock Exchange, realized a net loss of USD 56.2 million in the past year, up from a USD 109 million net deficit in 2013.

The company's revenue came to USD 569 million in 2014, an 11 percent improvement from USD 512.2 million the year before, according to Navios Maritime's annual report, published Thursday.

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