Navios' tanker carrier lands profit in first half of the year

The Greek shipping group Navios landed a profit with its tanker carrier in the first half of the year. Several years of hard work are now paying off, says CEO Angeliki Frangou.

CEO of the Navios group Angeliki Frangou.

The Greek carrier group Navios has turned a deficit into a profit in the first half of the year for the tanker carrier Navios Maritime Acquisition Corporation, which is listed on the New York Stock Exchange and owns as well as operates vessels.

For the first six months of the year, the carrier achieved a net profit of USD 46.3 million compared to a deficit of USD 15.6 million in the same period last year, according to the interim report. Revenue increased by 29.1 percent in this period to USD 159 million. CEO Angeliki Frangou is pleased with the result and says in a comment to the report:

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