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PIRAEUS, Greece - Navios Maritime Partners L.P. (NYSE:NMM), a shipping company currently valued at $1.31 billion and trading below its InvestingPro Fair Value, announced Thursday it has sold two dry bulk vessels and agreed to sell one tanker vessel while taking delivery of a new tanker and securing several new charter agreements. The company maintains impressive gross profit margins of 84.5% despite operating in a volatile shipping market.
The international vessel owner and operator has completed the sale of two 2005-built Panamax vessels for $8.3 million each, with transactions finalized in the third and fourth quarters of 2025. The company has also agreed to sell a 2010-built VLCC tanker for $52.5 million, with completion expected in the fourth quarter. According to InvestingPro analysis, these strategic moves come as the company faces cash burn challenges, though it maintains a favorable P/E ratio of 4.34.
These three vessel sales are expected to generate $69.1 million in gross proceeds for Navios Partners.
The company also took delivery of a newly built 2025 MR2 product tanker, which has been chartered out at $22,669 net per day for approximately five years.
Additionally, Navios Partners has secured new long-term charters for five vessels, including three 4,250 TEU containerships chartered for an average of 2.6 years at $35,085 net per day, and two MR2 product tankers chartered for an average of 1.1 years at $19,196 net per day. These new agreements are expected to generate $113.9 million in revenue.
Following these transactions, Navios Partners’ fleet consists of 172 vessels, including 65 dry bulk vessels, 51 containerships, and 56 tankers. The company also has 25 vessels on order, comprising 17 tankers and eight containerships scheduled for delivery through the first half of 2028.
As of October 10, the company has fixed 88.1% of its available days for the remainder of 2025 and 48.1% for 2026, with expected contracted revenue of $580.4 million and $749.9 million respectively.
This information is based on a company press release statement.
In other recent news, Navios Maritime Partners released its Q2 2025 earnings report, revealing a revenue of $327.6 million. This figure exceeded analysts’ forecasts but represented a 4.3% decline compared to the same period last year. The company’s earnings per share (EPS) came in at $2.15, falling short of the anticipated $2.22. Despite the EPS miss, Navios Maritime’s strong revenue performance and strategic fleet expansions have been noted. These developments have contributed to a positive investor sentiment surrounding the company. Analyst firms have not issued any upgrades or downgrades in response to these results. The company’s recent performance highlights its ability to generate significant revenue even amid challenges. These updates reflect the latest developments concerning Navios Maritime Partners.
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