Navios Maritime Partners L.P.
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Crude Oil Rates and Bunker Fuel Prices in Week 7
On February 15, 2018, the average bunker fuel price was $400.5 per ton—compared to $416 per ton on February 8.
Where Did Oil Prices and Bunker Fuel Prices Head in Week 5?
On February 1, 2018, the average bunker fuel price was $444 per ton—compared to $445 per ton on January 25.
Where Are Bunker Fuel Prices Heading?
Last week, Brent crude oil prices touched $70 per barrel on Tuesday following preliminary data published by API that US crude oil inventories fell.
Analyzing Bunker Fuel Prices in Week 2
On January 11, 2018, the average bunker fuel price was $437 per ton—compared to $431 per ton on January 4, 2018.
Week 51: Crude and Bunker Fuel Prices
According to EIA data, US crude inventories fell for the fifth consecutive week—down by 6.5 MMbbls for the week ending December 15, 2017.
Week 50: Crude Prices Touch $65
Brent crude oil prices rose to $63.3 per barrel on December 15, 2017, from $62.2 per barrel on December 8, 2017.
Week 49: Oil Prices and Bunker Fuel Prices
On December 7, 2017, the average bunker fuel price was $400 per ton—compared to $407 per ton on November 30, 2017.
Oil Prices Reach a 2.5-Year High: What about Bunker Fuel Prices?
On November 10, 2017, the average bunker fuel price was $417 per ton—compared to $398 per ton on November 3, 2017.
Where Bunker Fuel Prices Are Headed, Oil Prices Crossed $60
On November 3, 2017, the average bunker fuel price was $398 per ton—compared to $376 per ton on October 26, 2017.
Week 43: Where Are Bunker Fuel Prices Headed?
On October 26, 2017, the average bunker fuel price was $376 per ton compared to $375 per ton on October 19, 2017.
Where Bunker Fuel Prices Are Headed in Week 40
In week 40, crude oil prices fell on the back of US crude oil exports hitting a record high.
Bunker Fuel Prices Rose, Oil Hit a 2-Year High in Week 39
The West Texas Intermediate crude oil price rose from $50.66 per barrel on September 22 to $51.49 per barrel on September 29, 2017.
Crude and Bunker Fuel Prices Rose in Week 38
Crude oil (DBO) prices rose in week 38 as investors shrugged off news of growing US crude production. Investors focused on OPEC’s upcoming meeting.
Why Bunker Fuel and Crude Oil Prices Rose in Week 36
On September 7, 2017, the average bunker fuel price was $371 per ton—compared to $348 on August 31, 2017.
Where Crude Oil Prices and Bunker Fuel Prices Headed in Week 33
Article focus In the previous part of this series, we saw that despite muted Suezmax demand, Suezmax rates rose in Week 33 (ended August 18, 2017). VLCC (very large crude carrier) and Aframax rates also rose. In this part, we’ll look at how crude oil prices and bunker fuel prices fared. Crude oil prices While crude […]
Analyzing Bunker Fuel Prices in Week 29
On July 20, 2017, average bunker fuel prices were $339.5 per ton—compared to $323 per ton a week ago on July 13, 2017.
Bunker Fuel Prices Fell Due to Lower Crude Prices
On April 20, 2017, the average bunker fuel price was ~$343 per ton—compared to $358 per ton in the previous week.
Bunker Fuel Prices Rose in Week 14
On April 6, 2017, the average bunker fuel price was ~$347 per ton compared to $332 per ton in the previous week.
Week 11: Bunker Fuel Prices Fell
Overall bunker fuel prices in week 11 fell compared to the previous week, mainly due to steady crude oil prices and ample bunker fuel inventories.
How Did Bunker Fuel Prices Fare in Week 3 of 2017?
Bunker fuel prices correlate with crude oil prices. On January 19, the average bunker fuel price was ~$357 per ton—compared to $361 per ton on January 12.
Why Did Bunker Fuel Prices Rise in Week 46?
Brent crude oil prices were $44.4 per barrel to $46.9 per barrel in week 46. Crude oil prices impact crude oil demand, freight rates, and bunker fuel prices.
Why Did Bunker Fuel Prices Fall in Week 44?
For the week ending November 4, 2016, the average bunker fuel price was $308–$322 per ton compared to $321–$325 per ton in the previous week.
Week 43 Bunker Fuel Prices Remain Similar
Brent crude oil prices ranged from $49.7 per barrel to $51.5 per barrel in week 43, the week ended October 28, 2016.
Week 42: Where Are Bunker Fuel Prices Heading?
For the week ending October 21, 2016, the average bunker fuel price was $321–$324 per ton. Bunker fuel prices are 8% higher than the same period in 2015.
Bunker Fuel Prices Continue to Rise Each Week
For the week ending October 14, 2016, the average bunker fuel price was $320–$327 per ton. Bunker fuel prices are 11% higher than the same period in 2015.
Week 39: Where Are Bunker Fuel Prices Heading?
Brent crude oil prices ranged from $45.90 per barrel to $49.20 per barrel in week 39, which ended on September 30, 2016.
Where Were Bunker Fuel Prices Heading in Week 32?
For the week ended August 12, 2016, bunker fuel prices were almost 12% lower than in the same period last year.
How Bunker Fuel Prices Changed in Week 24
Bunker fuel prices, which represent the largest cost to run a ship, are correlated with crude oil prices. For the week ended June 17, 2016, the average bunker fuel price was $284–$295 per ton.
Uprun of Bunker Fuel Prices: Did It Stop or Continue in Week 23?
Bunker fuel prices, which represent the largest cost to run a ship, are correlated with crude oil prices.
Bunker Fuel Prices Inch Up Higher and Higher
Bunker fuel prices, the biggest cost to run a ship, are correlated with crude oil prices. For the week ended May 20, the average bunker fuel price was $275–$282 per ton.
Week 10: Why Did Bunker Fuel Prices Rise?
Crude oil (DBO) prices impact crude oil demand. In turn, this impacts freight rates and bunker fuel prices. Brent crude oil prices ranged from $38.70 per barrel to $41.10 per barrel for week ten.
Which Industry Cheered over China’s February Trade Data?
China’s total exports fell by 25% in February 2016 on a year-over-year basis. Although China’s overall imports fell, its crude oil imports rose in February.
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.
Navios: Could Its Container Segment Lead to Revenue Downside?
Hyundai Merchant Marine is in talks to amend its existing container ship contracts.
Could Navios Partners’ Dividend Cut Be a Long-Term Opportunity?
Navios Maritime Partners (NMM) will save $72 million annually from the suspension of dividends (DVY).
What Prompted Navios Maritime Partners to Suspend Dividends?
Navios Maritime Partners (NMM) suspended its dividends altogether in 4Q15 after a cut of 52% in 3Q15.
Navios Partners’ Stock Whipsaws after Suspension of Dividends
Navios Maritime Partners has announced the suspension of dividends altogether. This follows a 52% dividend cut by the company in 3Q15.
Chinese Steel Demand Doesn’t Look Good for Dry Bulkers in 2016
In this part of our series, we’ll explore how steel demand from the construction, machinery, and infrastructure sectors could shape up in 2016.
Can Time Charter Rates Fall Much Further?
Under TC (time charter) contracts, vessels are hired for a specific period at a pre-decided daily rate.
What are the Rate Expectations for Dry Bulk in 2016?
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.
How Does NMM’s Stock Compare with Its Adjusted Net Asset Value?
Navios Maritime Partners’ adjusted NAV (net asset value) shows that it is currently trading at a 46% discount to its NAV.
Are Navios Maritime’s Book Vessel Values Telling the Whole Story?
The vessel values of dry bulk companies have deteriorated significantly in the past year due to the pressure on freight rates.
How Does Net Asset Value Measure Navios Maritime’s Valuation?
NAV (net asset value) is a valuation method under which a company’s value is equal to the difference between its assets and liabilities.
Navios Maritime Partners Falls in the Current Dry Bulk Rout
Since releasing its 3Q15 results on November 3, 2015, Navios Maritime Partners (NMM) has fallen by 71%.
Low Dry Bulk Vessel Values Not Low Enough to Tempt Buyers
Dry bulk shipping vessel values have fallen to very attractive prices, especially for secondhand vessels. But investors are still wary of the downside ahead.
Dry Bulk Time Charter Rates Paint a Grim Picture
Time charter rates for dry bulk vessels have fallen considerably over the last few months. Capesize one-year rates have fallen by 40% in the last three months to $7,750 per day.
The Relative Valuation of Dry Bulk Companies
Diana Shipping is proactively investing in vessels to take advantage of the current low point for vessel valuation, and it can most likely outlast a prolonged downturn. So its valuation appears more or less full.
NMM Is the Only One Paying Dividends: Should Investors Care?
Navios Maritime Partners (NMM) cut dividends by 52% in its 3Q15 results given the weak outlook for the dry bulk industry. But even after a cut, it’s boasting of a yield of 30%+.
Which Dry Bulk Company Has a Strong Financial Standing?
Since the market isn’t showing encouraging signs of a significant pickup next year, dry bulk companies might need to weather a prolonged downturn and manage their liquidity prudently.
An Analysis of Financial Leverage for Dry Bulk Companies
Scorpio Bulkers (SALT) has the lowest financial leverage with debt-to-assets of 31.8% and debt-to-equity of 42.6% as of September 30, 2015. But this doesn’t give the full picture.
