Frangou links launch of Navios Containers to KG collapse
Explaining the investment thesis offered by Navios Maritime Containers to investors on the company’s IPO roadshow in the US, chief executive has identified the demise of Germany’s KG system as a trigger point that helped convince the group that the time was ripe to ‘step in’ to the boxship sector
Oversupply in the sector has been repaired due to wipeout of German investment scheme, although other events contributed to Navios choosing its moment, Angeliki Frangou tells investors