Navios Maritime Holdings Inc. Announces Sale of Ship Management for $20.0 Million and a Five-Year Services Agreement
Navios Maritime Holdings Inc. (NM)
Last navios maritime holdings inc. earnings: 5/28 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
navios.com/events/default.asp
Company Research
Source: GlobeNewswire
MONACO, Aug. 30, 2019 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (the “Company") (NYSE: NM), today announced that it sold its ship management division and certain general partnership interests (the “Transaction”) to N Shipmanagement Acquisition Corp. and related entities (“NSAC”), affiliated with Company’s Chairman and Chief Executive Officer, Angeliki Frangou. The Company received aggregate consideration of $20.0 million (including assumption of liabilities) and new five-year service agreements under which NSAC will provide technical and commercial management services at fixed rates (as described below) and administrative services, reimbursed at allocable cost. As a result of the Transaction – The Company is a holding company owning dry bulk vessels and various investments in entities owning maritime and infrastructure assets.NSAC owns all entities providing ship management services and employs all associated people.The Company will pay a fixed rate of $3,700 per day pe
Show less
Read more
Impact Snapshot
Event Time:
NM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NM alerts
High impacting Navios Maritime Holdings Inc. news events
Weekly update
A roundup of the hottest topics