Navios Maritime Partners L.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 23, 2023 at 07:29 am EDT
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Navios Maritime Partners L.P. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 346.94 million compared to USD 280.66 million a year ago. Net income was USD 112.31 million compared to USD 118.16 million a year ago. Basic earnings per share was USD 3.65 compared to USD 3.84 a year ago. Diluted earnings per share was USD 3.65 compared to USD 3.83 a year ago.
For the six months, sales was USD 656.46 million compared to USD 517.28 million a year ago. Net income was USD 211.47 million compared to USD 203.83 million a year ago. Basic earnings per share was USD 6.87 compared to USD 6.62 a year ago. Diluted earnings per share was USD 6.87 compared to USD 6.61 a year ago.
Navios Maritime Partners LP is a Monaco-based international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services with a range of dry cargo commodities, including iron ore, coal, grain, fertilizer, and containers. It owns and operates its worldwide fleet with a diversified customer base which focuses on providing seaborne shipping services under long-term time charters. Panamax vessels carry a range of dry cargo commodities, including iron ore, coal, grain and fertilizer and being accommodated in various discharge ports. Capesize vessels are dedicated to the carriage of iron ore and coal. Ultra-Handymax vessels works with less carrying capacity and have self-loading and discharging gear on board to accommodate undeveloped ports. It also acts as a trusted partner for industrial end users, ship owners, financial business partners, agents and brokers.
NAVIOS MARITIME PARTNERS L.P. 
