Navios Maritime Partners L.P. Announces Appointment of Mr. Kunihide Akizawa to the Board of Directors
August 03 2018 - 8:30AM
Navios Maritime Partners L.P. (“Navios Partners” or the “Company”)
(NYSE: NMM), an international owner and operator of dry cargo
vessels, announced today the appointment of Mr. Kunihide Akizawa to
its Board of Directors.
Mr. Akizawa, has over 35 years of experience in
shipping and logistics, including extensive experience in
chartering, accounting and operations with Mitsui O.S.K. Lines,
leading Japanese international shipping company. He has served as
President of IMECS Co., Ltd, since 2016. IMECS Co., Ltd is a full
subsidiary of and serves as the ship-owning arm of ITOCHU, one of
Japan’s premier international trading corporations.
“We are delighted Mr. Akizawa has joined our
board and believe that his deep understanding of shipping
operations, chartering and logistics will significantly benefit the
Company,” said Ms. Angeliki Frangou, Chairman and CEO of Navios
Maritime Partners L.P.
Navios Partners also announced that Robert
Pierot, a director of Navios Partners’ since October 2007, has
resigned from the board of directors. Ms. Frangou commented, “Mr.
Pierot served our Board faithfully for over 10 years, lending his
significant industry experience and knowledge to Navios Partners as
we navigated difficult markets. With global trade rebounding
and the drybulk market returning to health, Mr. Pierot decided it
was a good time for him to turn to other interests. We thank Mr.
Pierot for his valuable contributions and wish him well in his
future endeavors.”
About Navios Maritime Partners
L.P.Navios Partners (NYSE: NMM) is a publicly traded
master limited partnership which owns and operates dry cargo
vessels. For more information, please visit our website at
www.navios-mlp.com.
Forward-Looking StatementsThis
press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended) concerning
future events including Navios Partners’ 2018 cash flow generation,
future contracted revenues, future distributions, opportunities to
reinvest cash accretively in a fleet renewal program or otherwise,
potential capital gains, our ability to take advantage of
dislocation in the market and Navios Partners’ growth strategy and
measures to implement such strategy; including expected vessel
acquisitions and entering into further time charters. Words such as
“may”, “expects”, “intends”, “plans”, “believes”, “anticipates”,
“hopes”, “estimates”, and variations of such words and similar
expressions are intended to identify forward-looking statements.
Such statements include comments regarding expected revenue and
time charters.
These forward-looking statements are based on
the information available to, and the expectations and assumptions
deemed reasonable by Navios Partners at the time these statements
were made. Although Navios Partners believes that the expectations
reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove to have
been correct. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates which are
inherently subject to significant uncertainties and contingencies,
many of which are beyond the control of Navios Partners. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Factors that could cause actual
results to differ materially include, but are not limited to,
uncertainty relating to global trade, including prices of seaborne
commodities and continuing issues related to seaborne volume and
ton miles, our continued ability to enter into long-term time
charters, our ability to maximize the use of our vessels, expected
demand in the dry cargo shipping sector in general and the demand
for our Panamax, Capesize, Ultra-Handymax and Container vessels in
particular, fluctuations in charter rates for dry cargo carriers
and container vessels, the aging of our fleet and resultant
increases in operations costs, the loss of any customer or charter
or vessel, the financial condition of our customers, changes in the
availability and costs of funding due to conditions in the bank
market, capital markets and other factors, increases in costs and
expenses, including but not limited to: crew wages, insurance,
provisions, port expenses, lube oil, bunkers, repairs, maintenance
and general and administrative expenses, the expected cost of, and
our ability to comply with, governmental regulations and maritime
self-regulatory organization standards, as well as standard
regulations imposed by our charterers applicable to our business,
general domestic and international political conditions,
competitive factors in the market in which Navios Partners
operates; risks associated with operations outside the United
States; and other factors listed from time to time in Navios
Partners’ filings with the Securities and Exchange Commission,
including its Form 20-Fs and Form 6-Ks. Navios Partners expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in Navios Partners’ expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based. Navios Partners
makes no prediction or statement about the performance of its
common units.
ContactsNavios Maritime
Partners L.P.+1 (212) 906 8645Investors@navios-mlp.com
Nicolas BornozisCapital Link, Inc.+1 (212) 661
7566naviospartners@capitallink.com
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