Navios Maritime Holdings (NM) and Navios Maritime Acquisition Corp (NNA) are forming a jointventure entity to acquire 10 vessels (5 Product tankers and 5 Container vessels) from HSH Nordbank. http://finance.yahoo.com/news/navios-maritime-holdings-inc-n...HSH Nordbank provides a majority of the financing, but the deal is front-loaded to pay thebank loan first with 80% of the cash flows. I can see the 5 Product tankers gettingprofitable charters here. Not so sure on the container vessels. The 10 vessels are allsecond-hand vessels.
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