In an industry and market segment that almost collapsed entirely five years ago, the Navios Maritime Partners LP (NMM) business model has allowed the company to continue to pay investors a large and growing - slowly - dividend. However, a significant portion of the Navios Partners fleet comes off lease between now and the middle of 2014, putting the big dividend payments at risk.
Premium Dry Bulk Shipping Company
Navios Maritime Partners own 23 Ultra-Handymax, Panamax and Capesize dry bulk ships and has two additional chartered-in dry bulk vessels for a total fleet of 25. The ships are leased out on long-term contracts. Navios Partners was spun-off by Navios Maritime Holdings (NM) in November...
Only subscribers can access this article, which is part of the PRO research library covering 3,761 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: