Higher rates and disposal gains doubled full-year profit at Greek bulker and tanker owner Navios Maritime Holdings.
The Angeliki Frangou-led outfit remains cautious about prospects in the near term but is much more bullish on market opportunities after this year.
NYSE-quoted Navios actually saw its average fleet shrink from 44 in 2009 to 41 last year but average daily time charter equivalent (TCE) rates rose from $24,120 to $26,282.
The
