The restructuring of the Charter Default insurance certainly helped.
- $166.0 million Net Income for the Full Year 2012
- $146.6 million Net Income for Q4 2012
- $352.6 million Liquidity
- $390.0 million EBITDA for the Full Year 2012
- $205.6 million EBITDA for Q4 2012
- Dividend of $0.06 per share

http://finance.yahoo.com/news/navios-maritime-holdings-inc-r...


Somewhat of a concern, charter coverage beyond 2013. Goes from 46% => 8% -a huge drop-off.

Dividend seems manageable if NMM & NNA keep the yield steady. Not so sure on NMM's ability
to do so unless the market picks up in 2014.