Profile: Navios Maritime Partners LP (NMM.N)
26 May 2017
Navios Maritime Partners L.P. (Navios Partners), incorporated on August 7, 2007, is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters. It focuses on providing seaborne shipping services under long-term time charters. As of December 31, 2016, Navios Partners controlled 12 Panamax vessels, nine Capesize vessels, three Ultra-Handymax vessels and seven container vessels. Panamax vessels are vessels capable of carrying a range of dry cargo commodities, including iron ore, coal, grain and fertilizer and being accommodated in various discharge ports. Capesize vessels are dedicated to the carriage of iron ore and coal. Ultra-Handymax vessels are similar to Panamax vessels although with less carrying capacity, and have self-loading and discharging gear on board to accommodate undeveloped ports. Container vessels are specifically constructed to transport containerized cargo.
The Company's owned drybulk vessels include Navios Apollon, Navios Soleil, Navios La Paix, Navios Gemini S, Navios Libra II, Navios Felicity, Navios Galaxy I, Navios Hyperion, Navios Alegria, Navios Orbiter, Navios Helios, Navios Sun, Navios Hope, Navios Sagittarius, Navios Harmony, Navios Fantastiks, Navios Pollux, Navios Fulvia, Navios Luz, Navios Buena Ventura and Navios Joy. The Company's owned container vessels include Hyundai HongKong, Hyundai Singapore, Hyundai Tokyo, Hyundai Shanghai, Hyundai Busan, YM Utmost and YM Unity. Its Charter-in Drybulk Vessels include Navios Prosperity and Navios Aldebaran.
The Company competes with China COSCO Shipping, Mitsui O.S.K. Lines, Kawasaki Kisen, Nippon Yusen Kaisha, Cargill International S.A., Pacific Basin Shipping, Bocimar, Zodiac Maritime, Louis Dreyfus, Cobelfret, Torvald Klaveness, Swiss Marine, AP Moller, Mediterranean Shipping Co., Evergreen, Pacific International Lines, Peter Dohle, Seaspan and CMA CGM.
Navios Maritime Partners LP
Office 11B2, 7 Avenue de Grande
Company Web Links
- BRIEF-Navios Maritime Partners acquires five 4,250 TEU container vessels
- BRIEF-Navios Maritime Partners LP's Q1 revenue $42.4 million
- BRIEF-Navios Maritime Partners provides update
- BRIEF-Navios Maritime Partners reports acquisition of one capesize vessel
- BRIEF-Navios Maritime Partners announces acquisition of one capesize vessel