Is the Net Asset Value Discount to NMM’s Price Justified?
Due to NMM’s increasing spot rate exposure and older fleet, NAV (net asset value) is the best metric to get a sense of the company’s floor valuation.
Prior to Navios Maritime Partners’ 4Q15 results, 25% of the analysts covering it had a ‘buy” recommendation, which dropped to 16.7% post-results.
Navios Maritime Partners’ liquidity profile looks comfortable, with cash-at-hand of $34.5 million at the end of 4Q15.
Hyundai Merchant Marine is in talks to amend its existing container ship contracts.
Navios Maritime Partners (NMM) will save $72 million annually from the suspension of dividends (DVY).
Navios Maritime Partners (NMM) suspended its dividends altogether in 4Q15 after a cut of 52% in 3Q15.
Navios Maritime Partners’ 4Q15 results indicated a revenue miss of around $7 million.
Navios Maritime Partners has announced the suspension of dividends altogether. This follows a 52% dividend cut by the company in 3Q15.
Wall Street analysts’ forecasts for dry bulk companies’ (SEA) revenue give a good idea of their view on dry bulk rates for the coming years.
In this part of our series, we’ll explore how steel demand from the construction, machinery, and infrastructure sectors could shape up in 2016.
According to customs data and Bloomberg calculations, shipments from Australia accounted for 64% of China’s iron ore imports in 2015.
Many market participants are forecasting a further fall in coal imports for China in 2016.
The orderbook level is generally considered the leader of value metrics when it comes to supply-side dynamics.
Under TC (time charter) contracts, vessels are hired for a specific period at a pre-decided daily rate.
The demolition market for dry bulk carriers has been very active lately.
Dry bulk shipping vessel values can usually guide expectations for future freight rates.
Though increased scrapping and minimal ordering activity could provide some relief on the supply side, the outlook for 2016 isn’t looking good for dry bulk.
2016 has not started on a good note for dry bulk owners. The Baltic Dry Index dropped by 29% in the first 27 days of January 2016.
Of the 12 analysts covering NMM, three analysts have “buy” recommendations, seven have “hold” recommendations, and two have “sell” recommendations.
Changes in vessel values could impact the NAV (net asset value) of Navios Maritime Partners.