No Affiliate Left Behind – Navios Acquisition Prepares

While things are never quiet at Navios in general, the recent activity at Navios Maritime Acquisition may have exceeded Navios’ normal warp speed. The SPAC closed in June and then in July the company acquired Shinyo’s seven VLCCs. After taking them on, they had to be paid for. Warrants were converted and ship mortgage notes are in the process of being sold to repay the assumed bank debt.

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