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home / news releases / NMM - Navios Maritime Containers: ~80% Of Bank Debt Is Covered By The Scrap Value Of The Fleet


NMM - Navios Maritime Containers: ~80% Of Bank Debt Is Covered By The Scrap Value Of The Fleet

Navios Maritime Containers (NMCI) is the containership arm of the Navios Group. The diagram below summarizes NMCI's position within the Navios Group, a diversified shipowner controlling ~200 vessels, of which 29 are owned by NMCI (25 Baby Panamaxes and 4 New Panamaxes).

Source: Q1 2020 Presentation, Slide 4

The largest unitholder of NMCI is Navios Maritime Partners (NMM), with a 33.5% stake, while Navios Maritime Holdings (NM) owns a 3.7% stake. NMCI was formed following NMM's distressed acquisition of the 14-vessel containership fleet from Rickmers Maritime. NMCI initially listed in Norway

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Stock Information

Company Name: Navios Maritime Partners LP Representing Limited Partner Interests
Stock Symbol: NMM
Market: NYSE
Website: navios-mlp.com

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