Navios Maritime Holdings is emphasising cost management as it posted a bigger loss in the third quarter, in line with the market’s expectations.

The bulker company of the Navios group reported an adjusted net loss of $22.4m from July to September, against $20.3m in the corresponding quarter of last year.

Loss per share of $0.25 was one cent lower than the Wall Street’s forecast of $0.26.

Angeliki