• ITVI.USA
    15,466.420
    -70.120
    -0.5%
  • OTLT.USA
    2.742
    -0.012
    -0.4%
  • OTRI.USA
    20.530
    0.040
    0.2%
  • OTVI.USA
    15,439.080
    -68.090
    -0.4%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,466.420
    -70.120
    -0.5%
  • OTLT.USA
    2.742
    -0.012
    -0.4%
  • OTRI.USA
    20.530
    0.040
    0.2%
  • OTVI.USA
    15,439.080
    -68.090
    -0.4%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

Navios Maritime to sell 10m new shares

The container carrier will sell each share for $5 each, raising $50 million for future vessel purchases and working capital, Navios Maritime said in a statement.

   Ocean carrier Navios Maritime Containers Inc., part of Piraeus-based Navios Maritime Holdings, will sell 10 million of its common shares at $5.00 per share in order to raise $50 million for vessel acquisitions and working capital, the company said in a statement.
   Navios Maritime Partners L.P. will invest $10 million in the sale and will own 40 percent of the equity post-closing of the sale. Each of Navios Partners and Navios Maritime Holdings Inc., will also receive warrants, with a five-year term, for 6.8 percent and 1.7 percent of the newly issued equity respectively, said the company.
   The offering began Aug. 25 and is expected to close on Aug. 29.
   Navios Maritime Containers was recently formed by parent company Navios Maritime Holdings in May. The company then acquired upwards of 14 containerships from Rickmers, effectively tripling its container fleet. The company raised $75 million to purchase the Rickmers vessels.
   The company also recently agreed to acquire FSL Trust. The acquisition is still within the approval period through Sept. 30; if approved, Navios will own 50.1 percent of all units within FSL Trust.

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