Just Say No!

Options are a wonderful thing. Having an ability to exercise them or not, gives one a great deal of flexibility. It was no surprise then when Navios Maritime Partners chose not to acquire TBN II, a newbuilding capesize vessel from Navios Maritime Holdings for $135 million based upon unfavorable conditions in the capital markets.

We suspect price may also have had something to do with the decision. A portion of the risk was mitigated through a five-year time charter at $55,100 per day. To assess the risk at the end of the five-year period we calculated the future value

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