Navios Maritime Partners, a maritime juggernaut with 175 ships on the water or under construction, maintained profit at elevated levels in the second quarter, helped by strong tanker and container ship earnings.
Angeliki Frangou’s US-listed shipping owner and operator reported net income of $112.3m for the period, up 13% from the previous quarter and down 5% year-on-year.
About $10m of that profitability came from the sale of four ageing vessels TradeWinds has already reported on.
