Major public bulker owner Navios Maritime Holdings reported another year of deep losses for 2020 but said it was optimistic it would benefit from an ongoing market recovery.
At the same time, the New York-listed company said it was making moves to cope with $782m of debt coming due next year by selling vessels and arranging refinancing plans.
The Angeliki Frangou-led outfit reported on Wednesday a net loss of $94.4m
