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Navios Maritime Acquisition Corporation Reports Q1 revenue of $64.5 million

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, reported its financial results today for the first quarter ended March 31, 2017. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition stated, “For the first quarter of 2017, Navios Acquisition reported EBITDA of $37.4 million and Net income

DryShips Inc. Reports Financial and Operating Results, Acquires Suezmax Newbuilding

DryShips Inc., or DryShips or the Company, a diversified owner of ocean going cargo vessels, announced its unaudited financial and operating results for the quarter ended March 31, 2017. Updated Key Information as of May 10, 2017:
Cash and cash equivalents: approximately $340.7 million (or $5.05 per share) Book value of vessels, net:

Navios Maritime Partners L.P. Provides Update for Acquisition of 14-Vessel Container Fleet from Rickmers Maritime

Navios Maritime Partners L.P., an international owner and operator of drybulk and container vessels, announced today that it plans to transfer to Navios Maritime Containers Inc. (“NMCI”), an affiliate, the 14-vessel container fleet (the “Fleet”) that Navios Partners agreed to acquire from Rickmers Maritime (the “Trust”). It is expected that Navios

Seafarers Matter

This year, once again, 25 June will mark the annual Day of the Seafarer (DotS). DotS was established in a resolution adopted by the 2010 Diplomatic Conference in Manila to adopt the revised STCW Convention. Its stated purpose is to recognize the unique contribution made by seafarers from all over

Masters & Mates Union of Greek Merchant Marine go for Green Award

P.E.P.E.N., known internationally as Masters & Mates Union of Greek Merchant Marine, has demonstrated its solidarity with the Green Award foundation and its core values and joined the scheme as an incentive provider. Green Award certifies ships and ship managers that demonstrate performance above and beyond the industry’s standards. Best practices

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