Navios Maritime Partners reported a $33.8m loss for the third quarter amid ongoing rate weakness and a big-bath loss on its exposure to bankrupt container line Hanjin.
The New York-listed company received shares in Hanjin as part of the company's restructuring. But the sale of the shares resulted in a $19.4m loss in the quarter. The loss also reflects non-cash impairment charges related to the value of two ships that Navios had on charter to Hanjin.
Navios
