Navios Containers

Inside the now-booming business of building container ships

ship order newbuild

In ocean shipping, present success often breeds future failure. Across the decades, freight-rate spikes have spurred newbuilding sprees, wiping out freight rates. Which brings us to today: Container freight rates are spiking and container-ship newbuild orders are surging at yards in China, South Korea and Japan. Is the ending of this story inevitable?

Not necessarily. There have been a very large number of orders in Q4 2020 and Q1 2021. Yet container shipping’s orderbook was historically low...

https://s29755.pcdn.co/news/inside-container-shippings-sudden-newbuild-ordering-spree

Full steam ahead for Wall Street’s shipping stocks

After a decade of head fakes and disappointments, investors can be forgiven their skepticism toward shipping stocks. Add to that the pandemic unknowns. As Diamond S (NYSE: DSSI) CEO Craig Stevenson said on Friday’s analyst call, “The trouble is that you’re predicting something [the COVID recovery] that has not happened before. There is no history.”

And yet, there’s no denying the positive momentum for shipping stocks. Each sector continues to rise from a different liftoff point.

Container-shipping...

https://s29755.pcdn.co/news/full-steam-ahead-for-wall-streets-shipping-stocks

Another one bites the dust: LNG shipping’s GasLog to delist

GasLog LNG ship

More shipowners have come to Wall Street than have left over the past half decade. Yet most of the new arrivals have been micro-cap stocks and some of the departures have been big names.

On Monday, liquefied natural gas (LNG) shipping giant GasLog Ltd. (NYSE: GLOG) announced plans to go private. 

The delisting of GasLog follows on the heels of January’s agreement to fold Navios Containers (NYSE: NMCI) into Navios Partners (NMM), December’s “take private” announcement by Seacor (NYSE: CKH) and...

https://www.freightwaves.com/news/another-one-bites-the-dust-lng-shippings-gaslog-to-delist

Liner capacity control and the future of container shipping

container ship future

The world’s container liner business is now so consolidated that it can deftly match vessel capacity to cargo demand. This change — courtesy of mergers and alliances — is structural, not cyclical. If there’s a single thesis for container shipping in 2020, that is it.

Assuming it’s true, there could be major future implications for the cargo shippers, yards, box-equipment owners and ship lessors who do business with liners.

If liners can indefinitely calibrate capacity to cargo demand, the future...

https://s29755.pcdn.co/news/liner-capacity-control-and-the-future-of-container-shipping

LA box signal spikes and charter rates go ‘through the roof’

Los Angeles

If you thought the trans-Pacific market was crazy in September and October, buckle up. Containerized import demand is not abating and cargo volumes are now backing up at anchorage.

The Port of Los Angeles Signal tool offers a short-term indicator of market strength. Ship charter rates provide a longer-term bellwether. In both cases, the latest data shows no evidence of any trans-Pacific demand respite. In fact, the numbers point in the opposite direction.

Signal spike and what it means

It takes...

https://s29755.pcdn.co/news/la-box-signal-spikes-and-charter-rates-go-through-the-roof

Container-ship owners in crossfire as liners slash service

container ship

Container-ship lessors represent one of the most crowded segments in the U.S.-listed shipping arena – and one of the most highly leveraged to COVID-19.

Such owners, known as “tonnage providers,” lease vessels for varying lengths of time to liner companies, which use chartered ships to complement their owned fleets. 

If global consumer demand rebounds robustly, stocks of tonnage providers should surge. If there’s an extended downturn, they face years of pain.

Liners have heavily “blanked”...

https://www.freightwaves.com/news/box-ship-owners-in-crossfire-as-liners-slash-service

Navios Containers reports its financial results

Revenue

  • $65.5 million for H1 2019
  • $33.7 million for Q2 2019

Cash from operating activities

  • $9.3 million for H1 2019
  • $9.4 million for Q2 2019

EBITDA

  • $24.8 million for H1 2019
  • $12.7 million for Q2 2019

Net income

  • $0.5 million for H1 2019
  • $0.4 million for Q2 2019

Navios Maritime Containers L.P. (“Navios Containers” or the “Company”), a growth vehicle dedicated to the container sector of the maritime industry, reported its financial results for the second quarter and six months ended June 30, 2019.

A...

https://container-news.com/navios-containers-reports-financial-results/

Navios Containers announces Q1 financial results

  • $31.8 million revenue
  • $0.04 million net cash used in operating activities
  • $12.0 million EBITDA
  • $105.0 million investment in two 10,000 TEU containerships
  • New two-year indexed floating-rate time charters

Navios Maritime Containers L.P. (“Navios Containers” or the “Company”), a growth vehicle dedicated to the container sector of the maritime industry, on May 6 reported its financial results for the first quarter ended March 31, 2019.

Angeliki Frangou, Chairman and Chief Executive Officer, stated:

“...

https://container-news.com/navios-containers-q1-financial-results/

Navios Containers adds a boxship to its fleet

MONACO, Jan. 24, 2019 — Navios Maritime Containers L.P. (“Navios Containers”), a growth vehicle dedicated to the container sector, announced the exercise of a previously announced option to acquire a 2011-built 10,000 TEU containership from an unrelated party for $52.5 million.

The containership is expected to be delivered into Navios Containers’ fleet in Q1 2019 and is chartered out at a net rate of (i) $26,325 per day until November 2020 and thereafter (ii) $27,300 per day until October 2021....

http://container-news.com/navios-containers-adds-boxship-fleet/

Navios Containers reports financial results

  • $37.9 million net cash from operating activities for 9M 2018; $18.3 million for Q3 2018
  • $54.0 million Adjusted EBITDA for 9M 2018; $21.6 million Adjusted EBITDA for Q3 2018
  • $9.0 million new term loan facility
  • 40% increase in fleet capacity YTD 2018
  • Filed F-1 for direct listing on the NASDAQ Global Select Market

MONACO — Navios Maritime Containers Inc. (“Navios Containers” or the “Company”) (N-OTC: NMCI), a growth vehicle dedicated to the container sector of the maritime industry, reported...

http://container-news.com/navios-containers-financial-results/