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Container market recovery ‘still at an early stage’, Navios tells investors

Bidding to pull off the first successful shipping IPO in the US for more than three years, Navios Maritime Containers is telling investors that despite recent gains market history suggests that there remains scope for dramatic increases in charter rates and asset values

IPO hopeful says that thanks to entering the market at a low point it is already generating cash but that there is a long way to go before the market even hits historical averages

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