Navios Maritime Partners reported fourth-quarter earnings that were better than analyst estimates.
The Angeliki Frangou-led company, which is a bulker and containership owning spinoff of Navios Maritime Holdings, also paid down a chunk of debt and chartered out ships at improved rates.
New York-listed Navios reported adjusted net income of $7.9m for the fourth quarter, compared to year-earlier results of $7.8m.
