Prices for Navios Maritime Holdings shares and bonds jumped Thursday after the Angeliki Frangou-led shipowner won an arbitration fight against Vale.
The stock price gained 21.8% to close the day at $1.51 on the New York Stock Exchange. With some 117 million shares outstanding, the gain adds $30.5m in market capitalisation in a single day.
Data from the Financial Industry Regulatory Authority show that the last trade for Navios's corporate notes maturing in 2019 jumped 15.2%
