Navios Partners acquires two bulker drop-downs
The company has been expanding its dry bulk fleet as it sheds boxships in favour of the group’s new containership start-up Navios Containers. The partnership’s second-quarter results have benefited from a larger presence in the recovering bulker trades, but unit holders may still derive benefit from the container business as the partnership retains a significant stake in the boxship affiliate
Angeliki Frangou prioritises deleveraging and ‘careful’ bulker buys as partnership’s results beat expectations