New York-listed Navios slumped to a net loss of $69.7m in the three months to 31 December from a profit of $155.8m in the final leg of 2012.
Adjusted for one off items the net loss came in at $18.1m as compared to a $1.1m deficit for the same period of 2012.
The $0.18 adjusted loss per share disappointed Wall Street analysts who had predicted a $0.09
