‘First of its kind’: Navios Partners could become a ‘cash machine’

Navios Maritime Partners will be a more resilient company with “cash machine” potential that can narrow the gap between its share price and net asset value (NAV) after an $835m deal added 36 ships to its fleet.

That is the conclusion of analysts after the shipowner forged the transaction to buy all the bulkers in the fleet of parent Navios Maritime Holdings, creating the second-largest US-listed maritime company with an uncommon diversity of bulkers, tankers and container ships.