Navios Maritime Acquisition

Navios to merge tanker and bulker companies

In what Chairwoman and CEO Angeliki Frangou calls a “transformative transaction,” dry bulk specialist Navios Maritime Partners L.P. (NYSE: NMM) and tanker specialist Navios Maritime Acquisition Corp. (NYSE:NNA), are to combine.

“The combined entity will be the largest U.S. publicly-listed shipping company in terms of vessel count, with 15 vessel types diversified across three segments, servicing more than 10 end markets. About one-third of our fleet will be in each of the dry bulk, containership...

https://www.marinelog.com/shipping/markets/navios-to-merge-tanker-and-bulker-companies/

Navios Maritime Acquisition Secures $100m Loan

  • New York-listed tanker owner and operator Navios Maritime Acquisition has secured an up to $100m loan from a subsidiary of N Shipmanagement Acquisition.
  • A two-year loan has scheduled amortisation and bears interest at a rate of 11% per annum, payable quarterly.
  • It also comes with defer option, but with interest rate of 12.5% per annum.
N Shipmanagement Acquisition

The deal also gives N Shipmanagement Acquisition a choice, exercisable from August this year, to acquire partnership interests of...

https://mfame.guru/navios-maritime-acquisition-secures-100m-loan/