Sat, Aug 30, 2014, 4:42 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

DryShips, Inc. Message Board

  • jccrall2002 jccrall2002 Oct 29, 2007 1:34 PM Flag

    OT for Audio or others with insight

    What do you make of the 10,000,000 stock offering coming up from NM on their subsidiary, Navios Maritime Partners L.P.

    "PIRAEUS, GREECE. � October 26, 2007 � Navios Maritime Holdings Inc. (�Navios� or �the Company�) (NYSE: NM), a large, global, vertically integrated seaborne shipping company, announced today that its wholly owned subsidiary, Navios Maritime Partners L.P. (�Navios Partners�), a Marshall Islands limited partnership, has filed a registration statement with the United States Securities and Exchange Commission for an initial public offering of its common units (the �Offering�). The Offering is currently expected to include 10,000,000 common units (or 11,500,000 common units if the underwriters exercise in full their over-allotment option). The Common Units have been approved for listing on the New York Stock Exchange, subject to official notice of issuance, under the symbol �NMM.�

    Navios Partners will be an owner and operator of certain types of drybulk carriers."

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Navios has lease control over 5 capes, 14 panes, 1 handysize and 4 ultra handymax. I assume that nmm will buy the leases on the 9 ships they're starting with from nm. Now, Angelicki owns 30% of nm so he will make sure the price paid by nmm to nm gives nm a fair (ha ha!) profit for the leases. This will kick the stock of nm..but not sure where to.
      NMM after all is said and done will control 9 ships. Have not been able to determine when the charters on those ships expire..but I assume the entire operation is geared to take advantage of the spot market. These Greek shipowners are ver sharp..comes from a few thousand years of being in the shipping business.

3.29+0.04(+1.23%)Aug 29 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.