Award Affirmed

As we prepared to make the formal presentation of Dealmaker of the Year to Angeliki Frangou and her Navios team at Marine Money Week, we learned that she concluded yet another innovative deal and one that is certainly representative of the times in which we find ourselves. In a sense, she married an opportunity to the solution of the larger financial issue facing our industry.

Last Monday, Navios announced the acquisition of four newbuilding Capesize vessels currently under construction at a South Korean shipyard. Three of the vessels were purchased from companies controlled by Commerzbank AG. The seller of

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