This ratio is key to Navios Partners’ strategy for its $2bn debt pile
Angeliki Frangou says company is ‘gliding’ toward loan-to-value ratio target, allowing it to spend cash on other things
Navios scoops four LR2 tanker newbuilding options in $264m deal
Newly disclosed purchases highlight $566m sale-and-purchase activity in second quarter
Italian Divers Continue to Search Sunken Yacht for Missing Tech Exec
Italian rescue divers are still searching for missing passengers and crewmembers of the sailing yacht Bayesian, which went down in…
Philippines Gathers Evidence on Chinese Collision While Stressing Diplomacy
A day after possibly the most damaging collision between Chinese and Filipino coast guard vessels, officials in the Philippines sought…
More than 700 Kilos of Cocaine Seized in One Week in Port of Rotterdam
Dutch officials made a series of cocaine seizures totaling more than 700 kilos all coming through the Port of Rotterdam…
Resolve Mobilizes Crane to Remove $3M Yacht From Reef off Puerto Rico
The multimillion-dollar yacht that ran aground on a reef off Culebra, Puerto Rico was lucky enough to survive Storm Ernesto…
Removal of Capsized Oil Barge off Tobago Completed After Six Months
The mysterious oil barge that overturned and was leaking oil off the coast of Tobago has finally been salvaged as…
Turkey transfers treasury-held shares of 12 companies to wealth fund, listed shares surged
Turkey has transferred the shares of 12 companies held by its treasury, including three listed ones, to the Turkey Wealth…
Greece reports current account surplus in June, tourism revenue grows
Greece recorded a current account surplus in June compared with a deficit in the same month in 2023 on the…
Turkey’s central bank expected to hold rates steady in August
Turkey’s central bank is expected to leave its key interest rate unchanged at 50% in August, a Reuters poll showed…