Anybody know the REASON for NMM? I'm confused; NM sets an IPO for a new company, NMM, which will buy NM's ships, thus shifting assets from NM to NMM, right?
And what in the world is the purpose of all this - sounds like an old fashioned shell game: where's the pea? Except instead of looking for a pea under a walnut husk, we're looking for ships represented by stock tickers.
And YES I've looked for information on this, but aside from the bare facts of the case I can find no explanation. Anybody?