An investor’s must-know overview of Navios Maritime Holdings (Part 1 of 6)
Navios Maritime Holdings (NM) is a global, vertically integrated seaborne shipping and logistics company focused on the transport and trans-shipment of dry bulk commodities including iron ore, coal, and grain. The company controls 61 dry bulk vessels, totalling 6.2 million dwt (deadweight tonnage)—39 of which are owned and 22 of which are chartered-in via long-term agreements.
Navios is one of the largest publicly traded dry bulk shipping companies, with more than 50 years of history and a current market cap of $977.2 million. Its peers include Diana Shipping Inc. (DSX), DryShips Inc. (DRYS), Safe Bulkers Inc. (SB), Navios Maritime Partners LP (NMM), and a few other companies that are also part of the Guggenheim Shipping ETF (SEA).
Over the last 12 months, Navios Maritime Holdings’s shares have risen 73%—far more than the S&P 500’s 20.1% appreciation. Other dry bulk shipping companies have also done well, although they’ve been negatively affected by recent softness. Analysts constantly debate whether the dry bulk shipping industry’s recovery will continue, given how fast things can change in the industry.
For the most part, industry fundamentals outweigh company fundamentals in the shipping industry. But in this series, we’ll cover Navios Maritime Holding’s strategy and unique features that investors should know, since they’ll likely affect how Navios Maritime Holdings will perform relative to its peers.
Browse this series on Market Realist:
- Part 2 - Navios’ corporate structure supports its long-term growth strategy
- Part 3 - The Navios Group has 1 of the largest US-listed dry bulk fleets
- Part 4 - A look at Navios’ optimal chartering strategy and operating lease
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