Image Credit: Navios Maritime Partners, Q2-18 Presentation
Company Overview
Navios Maritime Partners (NMM) is a publicly traded partnership controlled by Navios Maritime Holdings (NM), with a primary focus on dry bulk vessels (mostly spot market exposure) and container vessels with long-term charters. Both of these markets suffered through a terrible 2016, but NMM secured a major refinancing and equity raise in early 2017. They've since reinvigorated the platform by adding several dry bulk vessels and launching a new containership venture.
NMM now directly owns 34 bulk vessels and 5 containerships. In