Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Navios Maritime Holdings (NM) and Navios Maritime Acquisition Corp (NNA) are forming a joint
venture entity to acquire 10 vessels (5 Product tankers and 5 Container vessels) from HSH Nordbank.

HSH Nordbank provides a majority of the financing, but the deal is front-loaded to pay the
bank loan first with 80% of the cash flows. I can see the 5 Product tankers getting
profitable charters here. Not so sure on the container vessels. The 10 vessels are all
second-hand vessels.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.