Navios Maritime Holdings (NM US) - Facing Strong Headwinds

Navios Maritime Holdings  (NM US, Neutral, USD 1.20) - Earnings Under Pressure, but Headwinds Ease

Navios Maritime Holdings (NM US) – 2Q17 Results – Can Vale Provide a Boost for Navios?

Drewry Maritime Financial Research

Ishan Dafaria

Maritime Sector, Equity & Credit Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Equity Bottom-Up

Navios Maritime Holdings Inc / Equity Bottom-Up

<p>Navios Maritime Holdings (NYSE:NM) reported its 3Q19 result on 25 November 2019. The bottom line still trends in red with a net loss of USD 39.14mn against a loss of USD 1.82mn in 3Q18. The net loss for the first nine months stood at USD 80.87mn as against the loss of USD 67.96 mn in the same period last year. The transaction with NSM has helped in the reclassification of USD 100mn short-term debt to long-term debt. The transaction is supposed to result in annual savings of as much as USD 27mn (company report) in the operating expenses.</p>

Navios Maritime Holdings (NYSE:NM) reported its 3Q19 result on 25 November 2019. The bottom line still trends in red with a net loss of USD 39.14mn against a loss of USD 1.82mn in 3Q18. The net loss for the first nine months stood at USD 80.87mn as against the loss of USD 67.96 mn in the same period last year. The transaction with NSM has helped in the reclassification of USD 100mn short-term debt to long-term debt. The transaction is supposed to result in annual savings of as much as USD 27mn (company report) in the operating expenses.

Navios Maritime (NM): Fleet Renewal Fails to Solicit Attractive Rates