Navios Maritime Holdings will likely have to restructure its finances in the future but is safe in the near term, Deutsche Bank said Wednesday.
Analyst Amit Mehrotra said the New York-listed shipowner, which is also the parent of three other public shipping companies, has some $130m on its balance sheet, staving off the threat of near-term liquidity issues
“We believe [Navios Maritime] has too much debt relative to any reasonable assumption of recovery in asset values and dry bulk rates,” he said Tuesday.
