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Navios Partners announce $50m buyback plan

Angeliki Frangou-led Navios Partners has unveiled a two-year unit buyback scheme for up to $50m. The owner of 35 bulkers and five boxships has been mulling the best uses for its cash and the move comes against a backdrop of substantial investment in growing its dry bulk fleet

Two-year programme announced by US-listed owner of bulkers and boxships amid predictions of substantial cash generation from a recovering dry bulk market this year

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