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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.

Angeliki Frangou, formand og CEO i Navios Maritime Partners. PR-foto | Photo: Navios Maritime Holdings

This year's second quarter ended with a deficit of USD 16.8 million for Greek Navios Maritime Partners, which operates in both dry bulk and container. This is evident in the second quarter interim report released Friday.

The deficit does, however, include the impairment of a single vessel by USD 17.2 million. Revenue came to USD 44.9 million in the quarter down from USD 56.5 million in the same period last year, while the operating result (EBITDA) came to USD 11.8 million, including the impairment.

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