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Mid-afternoon market update: Crude oil rises 2%, Navios Maritime Acquisition shares climb on merger news

Mid-afternoon market update: Crude oil rises 2%, Navios Maritime Acquisition shares climb on merger news
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Tanker Operator Navios Acquisition reports on first quarter ended March 31, 2021

Tanker Operator Navios Acquisition reports on first quarter ended March 31, 2021
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Navios Maritime Acquisition Corporation Endures Another Hard Quarter Since the Start of the Pandemic

Navios Maritime Acquisition Corporation Endures “Another Hard Quarter Since the Start of the Pandemic” Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, reported its financial results for the first quarter ended March 31, 2021. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition stated, “I am pleased with our results for the first quarter of 2021, another hard quarter since the start of the pandemic. During the first quarter of 2021, Navios Acquisition reported $72.5 million of revenue and $29.1 million of Adjusted EBITDA. While the current market remains difficult, prospects are positive. The IMF projects 2021 global GDP to grow by a virtually unprecedented 6%, and we have experienced modest recovery in the product tanker sector.”

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Navios Maritime Acquisition Corporation Announces the Date for the Release of First Quarter Ended March 31, 2021 Results, Conference Call and Webcast

Navios Maritime Acquisition Corporation Announces the Date for the Release of First Quarter Ended March 31, 2021 Results, Conference Call and Webcast
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Navios Maritime Holdings Inc Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2020

Navios Partners Post-merger: NM owns 12.6% $36.2 million debt reduction in Q1 2021 Navios Maritime Holdings Inc. (“Navios Holdings” or “the Company”) (NYSE: NM), a global seaborne shipping and logistics company, today reported financial results for the fourth quarter and year ended December 31, 2020. Angeliki Frangou, Chairman and Chief Executive Officer, stated, “I am pleased with the results for the fourth quarter and full year of 2020. For the full year of 2020, Navios Holdings reported revenue of $416.7 million and adjusted EBITDA of $153.4 million. For the fourth quarter, Navios Holdings reported revenue of $102.4 million and adjusted EBITDA of $37.6 million.” Angeliki Frangou continued, “Fiscal stimulus and other policy measures have propelled global economic recovery into 2021. The IMF expects global GDP to grow by 6.0% in 2021, the highest GDP growth in the past 50 years. Mass inoculation programs are underway, facilitating a return to normalcy. Consequent

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