Navios Maritime Partners L.P.

Latest Navios Maritime Partners L.P. News and Updates

  • uploads///Charter rates
    Company & Industry Overviews

    Are Navios Maritime Partners’ Distributions Sustainable?

    Navios Maritime Partners LP (NMM) is less sensitive to shipping cycles due to its long-term charters and staged expirations.

    By Anuradha Garg
  • uploads///China Industrial and Electricity Output
    Energy & Utilities

    China’s key economic conditions: Industrial and electricity output

    Because reporting entities sometimes like to dress their numbers up a bit to look nice, analysts also look at electricity output—where government officials say they don’t have much incentive to cook the numbers.

    By Xun Yao Chen
  • uploads///Dry Bulk Capacity    e
    Energy & Utilities

    Current positive data shows supply to grow below 7% in 2013

    In a highly commoditized industry like the shipping industry, capacity is an important metric that directly impacts companies’ top line, or revenue performance. When capacity grows faster than demand, competition will rise among individual shipping firms as they try to utilize idle ships and cover fixed costs. This will lower day rates, which will negatively […]

    By Xun Yao Chen
  • uploads///
    Fund Managers

    What Do Fundamental Bulk Shipping Indicators Say?

    The BDI (Baltic Dry Index) is a leading indicator for the bulk shipping industry. It’s a measure of the cost of shipping major bulk commodities on a number of shipping routes.

    By Santiago Solari
  • uploads///Floor Space Under Construction
    Energy & Utilities

    Chinese investing in cars and real estate drives dry bulk demand

    As long as developers continue to snatch up land, more iron ore and coal will be needed at steel mills, which is generally positive for dry bulk shippers.

    By Xun Yao Chen
  • Industrials

    We just need decent ship orders for dry bulk shippers to recover

    Managers remain optimistic From September 13 to 20, ship orders for Capesize vessels fell by 0.25%, from 10.53% to 10.28%, as a share of the existing number of ships. Orders for Panamax improved from 15.34% of existing ships to 15.87%, while those for Supramax were up slightly, rising 0.04% to 4.64%. Analysts use a percent […]

    By Xun Yao Chen
  • uploads///Article
    Earnings Report

    Despite dividends, Navios is still unattractive to many investors

    Dividend yield for Navios Maritime Partners currently stands at 15.8% with the company recently paying a dividend of $0.4425 per common unit.

    By Katie Dale
  • uploads///Exposure Chart
    Energy & Utilities

    Why can Navios Partners give out higher distributions?

    While Navios Maritime Partners (NMM) is less sensitive to shipping cycles because of its longer-term contracts and staged expirations, it’s still subject to market rates when contracts roll over.

    By Katie Dale
  • uploads///Baltic Shipping Index by Ship Class    e
    Industrials

    Why shipping rates for Capesize vessels continue to outperform

    Investors can look forward to higher Capesize rates during the second half of this year compared to the first half, which is positive for dry bulk shippers.

    By Xun Yao Chen
  • uploads///Analysts ratings
    Company & Industry Overviews

    What are Analysts Recommending for Navios Partners?

    Of the 12 analysts covering Navios Maritime Partners, two analysts have “buy” recommendations, seven have “hold” recommendations, and three have “sell” recommendations.

    By Anuradha Garg
  • uploads///Baltic Shipping Index by Ship Class    e
    Industrials

    Shipping stocks rise as Capesize rates approach $20,000

    From August 23 to 30, shipping rates for Panamax, Supramax, and Capesize vessels stood relatively unchanged.

    By Xun Yao Chen
  • uploads///China Imported Iron Ore Price    e
    Industrials

    Iron ore shipments rose in June due to demand, positive for dry bulk shipping

    China’s iron ore import data China’s iron ore import is a key driver of shipping demand, making up more than 75% of the world’s total iron ore shipments. So China’s import rising is positive for shipping rates—Capesize vessels in particular—which can give short-term support to share prices and a medium-term boost to companies’ financials. While […]

    By Xun Yao Chen
  • uploads///China Interbank Repo  Months    e
    Industrials

    China’s interbank lending rate falls below 6.0%, positive for dry bulk shipping?

    Update to Must-know: Shipping companies hit by China’s financial woes The impact of China’s financial industry The financial industry is an essential part of any economy. Without a stable financial system—one that supplies liquidity to businesses and individuals and bridges the gap between savers and borrowers—an economy can’t function as efficiently and productively as it […]

    By Xun Yao Chen
  • uploads///China Daily Steel Output    e
    Industrials

    Early July steel output falls steeply, worrisome for dry bulk shipping stocks?

    China’s steel output China’s steel output is a leading indicator of iron ore and coal demand. When steel output declines, the fall is often due to adjustments to weaker demand. As China makes up 70% of the world’s total iron ore imports, lower steel output will translate to fewer iron ore imports. This will hurt […]

    By Xun Yao Chen
  • uploads///YOY BDI
    Energy & Utilities

    The Baltic Dry Index fell in January but annual growth is positive

    The Baltic Dry Index (a benchmark that reflects the overall shipping rate for transporting dry bulks such as iron ore, coal, and grain across the ocean) has fallen quite a bit since the start of the year.

    By Xun Yao Chen
  • uploads///China Interbank Repo  Months    e
    Energy & Utilities

    Must-know: Shipping companies hit by China’s financial woes

    The impact of China’s financial industry The financial industry is an essential part of an economy. Without a stable financial system—one that supplies liquidity to businesses and individuals and bridges the gap between savers and borrowers—an economy can’t function as efficiently and productively as it could. So, a collapse in the financial industry would grind […]

    By Xun Yao Chen
  • Industrials

    Shipping capacity growth breaks below 7%, first time since 2009

    Why is capacity important? Capacity is an important factor that directly impacts companies’ top line (revenue) in a highly commoditized industry, like shipping. When capacity grows faster than what’s demanded, competition rises among individual shipping firms as they try to use idle ships and cover fixed costs. This lowers day rates, which negatively affects bottom […]

    By Xun Yao Chen
  • uploads///Global Iron Ore Imports    e
    Industrials

    Why China’s interbank rates have an impact on dry bulk shipping companies

    The impact of China’s financial industry The financial industry is an essential part of any economy. Without a stable financial system—one that supplies liquidity to businesses and individuals and bridges the gap between savers and borrowers—an economy can’t function as efficiently and productively as it could. So, a collapse in China’s financial industry would grind […]

    By Xun Yao Chen
  • uploads///Baltic Dry Rates e
    Industrials

    Shipping indexes rise, driving dry bulk shipping company shares

    It’s been a while since the dry bulk shipping index has had such as large impact on the share prices of shipping companies. This reflects the fact that the market wasn’t really expecting such an increase.

    By Xun Yao Chen
  • uploads///Valuation
    Company & Industry Overviews

    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.

    By Anuradha Garg
  • uploads///Industry Sector and Market Performance    e
    Energy & Utilities

    An ETF that invests in Soros’s dry bulk shipping experiment

    Investors seeking exposure to dry bulk shipping who don’t want to buy six companies like Soros did can use the Guggenheim Shipping ETF (SEA).

    By Xun Yao Chen
  • uploads///Dry Bulk Shipping Stocks    e
    Industrials

    Why you should watch 7 key industry indicators for shipping fundamentals (Part 1)

    Dry bulk shipping companies lag behind economic recovery Despite the U.S. stock market surpassing its 2008 highs recently, with the Dow Jones Industrial Index hitting 15,464.30 and S&P 500 hitting 1,680.19 as of July 12, 2013, dry bulk shipping companies have done poorly. These companies primarily transport raw materials such as iron ore, coal, and […]

    By Xun Yao Chen
  • uploads///Contract
    Energy & Utilities

    Maturing contracts present significant downside for certain shipping firms

    The two main markets for shipping companies, such as DryShips Inc. (DRYS), Diana Shipping Inc. (DSX), Navios Maritime Partners LP (NMM) and Safe Bulkers Inc. (SB), are spot (voyage) and time charter (period). Companies that engage in the spot market will charge a one-time fee that customers pay to have a certain amount of goods […]

    By Xun Yao Chen
  • Energy & Utilities

    Capacity growth portrays short-term negative but long-term positive for shipping

    In a highly commoditized industry, like the shipping industry, capacity is an important metric that directly impacts companies’ top line, or revenue performance. When capacity grows faster than demand, competition will rise among individual shipping firms as they try to utilize idle ships and cover fixed costs. This will lower day rates, which will negatively […]

    By Xun Yao Chen
  • Energy & Utilities

    Shipping recovery continues with additional purchases, long-term opportunity

    Ship orders apply most to long-term investments Ship orders reflect managers’ assessments of the industry’s future demand and supply balance. Dry bulk shipping companies will often place new orders when future demand is expected to increase more than supply, on the condition that they expect to generate profits with new vessels.[1. Dry bulk shipping companies […]

    By Xun Yao Chen
  • uploads///Baltic Shipping Index by Ship Class    e
    Industrials

    Dry bulk shipping rates rise due to restocking, but likely downside looming

    The dry bulk shipping industry’s service is commoditized. So, supply and demand balance is one of the most important drivers for dry bulk companies’ top- and bottom-line performances.

    By Xun Yao Chen
  • uploads///Dry Bulk Vessel Prices  Years Old    e
    Industrials

    Ship prices rise to 8-month high, supporting dry bulk shipping recovery

    Why should you watch ship purchase prices? Purchase prices for ships are often good indicators of financial health in the shipping industry. When shipping demand grows more than the supply of ships, shipping companies place additional orders, which drives up purchase prices. Additionally, when firms are able to charge higher prices for transporting goods across […]

    By Xun Yao Chen
  • uploads///China Iron Ore Price    e
    Materials

    Why iron ore prices rising to two-month high is positive for dry bulk shippers

    Commodity prices and shipping Commodity prices are leading indicators of an economic cycle. Because suppliers of raw materials require time to ramp up production, an increase in demand during an economic expansion will often lead to higher prices. As a result, commodity prices correlate highly with shipping. Iron ore prices On July 25, the price […]

    By Xun Yao Chen
  • uploads///BDI
    Earnings Report

    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.

    By Anuradha Garg
  • uploads///Baltic Shipping Index by Ship Class    e
    Industrials

    Why Capesize vessels are outperforming other ship vessels in rates

    Supply and demand drives dry bulk shipping companies Unlike imports data that aren’t widely available on a weekly basis, shipping rates (which reflect the difference in supply and demand) are collected daily at the London-based Baltic Exchange and published as the BDI (Baltic Dry Indexes). These indexes reflect the daily shipping rates to transport key […]

    By Xun Yao Chen
  • uploads///Valuation
    Company & Industry Overviews

    Which Company Can Offer an Upside in the Weak Dry Bulk Market?

    Navios Maritime Partners (NMM) seems like a good way to play the current weak dry bulk market. It has an upside in case of an eventual recovery.

    By Anuradha Garg
  • uploads/// yr charter rates
    Company & Industry Overviews

    Diana Shipping and Navios Partners Have to Weather Rollover Risk

    For Diana Shipping, contract rollover is a near to medium-term risk. Among its Capesize fleet, almost all of the 12 contracts will expire within about a year and a half.

    By Anuradha Garg
  • uploads///Global Iron Ore Imports    e
    Industrials

    Why China remains a risk for dry bulks as bank interest rate stays above average

    The impact of China’s financial industry The financial industry is an essential part of any economy. Without a stable financial system—one that supplies liquidity to businesses and individuals and bridges the gap between savers and borrowers—an economy can’t function as efficiently and productively as it could. So a collapse in China’s financial industry would grind […]

    By Xun Yao Chen
  • uploads///Steel producers in developed Asian countries e
    Industrials

    Contrarian approach: why high valuation multiple is positive for shipping stocks (dry bulk)

    Valuations can often tell investors the outlook of equities in the near future. Although value investors often look for valuations that are low, high valuations can often signal better times ahead. This is especially true for cyclical companies, such as steel producers and shipping companies, as has been mentioned by Peter Lynch in his famous […]

    By Xun Yao Chen
  • uploads///NAV diagram
    Company & Industry Overviews

    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.

    By Anuradha Garg
  • Energy & Utilities

    Shipping industry recovery is real, but timing remains uncertain

    Ship orders reflect managers’ assessments of the industry’s future demand and supply balance. Dry bulk shipping companies will often place new orders when future demand is expected to increase more than supply, on the condition that they expect to generate profits with new vessels.[1. Dry bulk shipping companies engage in the transportation of dry raw […]

    By Xun Yao Chen
  • uploads///BDI
    Macroeconomic Analysis

    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.

    By Anuradha Garg
  • uploads///Dry Bulk Vessel Prices  Year Old    e
    Industrials

    Dry bulk shipping weekly analysis (Part 10: Ship prices)

    Continued from Part 9 Why should you watch ship purchase prices? Purchase prices for ships are often good indicators of financial health in the shipping industry. When shipping demand grows more than the supply of ships, shipping companies place additional orders, which drives up purchase prices. Plus, when firms are able to charge higher prices […]

    By Xun Yao Chen
  • uploads///Article
    Macroeconomic Analysis

    Why the Baltic Dry Index dipped in November

    Despite a decline in fuel prices, the Baltic Dry Index has recorded an approximate 40% drop since the start of November and a 62% decline year-to-date.

    By Katie Dale
  • uploads///
    Fund Managers

    What’s the Outlook for Star Bulk Carriers?

    If dry bulk demand picks up, Star Bulk Carriers (SBLK) with its large fleet would be in a position to capitalize on the upswing.

    By Santiago Solari
  • Energy & Utilities

    Overview: Maintaining a perfect, modern, and young fleet size

    SB has paid six additional new eco-design newbuild vessels on order.

    By Katie Dale
  • Energy & Utilities

    Why the fundamental stock analysis is positive for the future

    DryShips expects that iron ore production will increase in the next three years, which will increase the demand for transportation.

    By Katie Dale
  • Industrials

    Must-know: Weekly dry bulk shipping industry fundamentals update (Part 2)

    Continued from Part 1 The importance of ship orders One measure that reflects managers’ expectation of future supply and demand differences is the number of ships on order. When managers expect future supply to increase more than demand, they refrain from purchasing new ships. However, when they expect demand to outpace supply growth, companies return to […]

    By Xun Yao Chen
  • uploads///China Manufacturing State PMI BDI    e
    Financials

    Why it pays to be patient about China’s manufacturing activity

    Because China is the largest importer of raw material in the world, China’s manufacturing is a key driver that affects shipping demand and rates.

    By Xun Yao Chen
  • uploads///TCE
    Energy & Utilities

    Why declining time charter rates dented revenue

    During the quarter, Safe Bulkers operated 31 vessels with a time charter equivalent rate of $11,642—compared to 26 vessels with time charter equivalent rate of $17,116 during 2Q13. The weighted average time charter equivalent of the Baltic Panamax (or BPI) and Baltic Capesize (or BCI) indices stood at $6,846 for 2Q14.

    By Katie Dale
  • uploads///Cyclicality of BDI
    Energy & Utilities

    Why we could see fewer volatile swings in dry bulk shipping stocks

    The recent volatility we’ve seen among dry bulk shippers can scare people into thinking they should trade in and out of the stock.

    By Xun Yao Chen
  • Industrials

    DryShips improves its time charter equivalent and outlook

    DryShips notes that it has significant leverage in the dry bulk and tanker spot markets. So, positive developments in these sectors will result in substantial cash flow to its bottom line.

    By Katie Dale
  • uploads///Coal
    Materials

    Why China’s coal and grain trade increased

    Coal trade saw significant changes over the past few years. China was a net coal exporter in 2009—only five years ago. Today, it’s the world’s largest importer.

    By Katie Dale
  • uploads///Dry Bulk Shipping Stock Performance    e
    Industrials

    Dry bulk shippers aren’t celebrating, but their silence is golden

    It’s times like this, when nobody is saying anything, that investors are slowly building positions and advancing like silent troops in the night.

    By Xun Yao Chen
  • Industrials

    Why dry bulk shipping supply growth below 4% is possible for 2014

    With good shipyards fully booked until 2016 and beyond, based on CEOs’ inputs, investors should view the current trend as a medium-to-long-term positive.

    By Xun Yao Chen
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