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Navios chief Frangou keeps faith in steel

Navios Partners’ new addition of six bulkers worth about $225m underlines that the timely acquisition of ships and controlling debt remain priorities for the Navios chief

Navios Partners is close to closing a merger with Navios Containers that will create an 85-ship fleet and vastly expand its exposure to a strong boxship market, but the partnership has also clinched deals to bring in six new bulkers

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