U.S.-listed Greek dry cargo vessel owner and operator Navios Maritime Partners reported Q3 revenue and net income of $340.8 million and $97.8 million, respectively. Revenue for the quarter came in at $340.8 million versus the consensus estimate of $355 million. For the first nine months, it reported revenue and net income of $1.0 billion and $272.6 million, respectively. Earnings per common unit
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Danish transport giant Maersk on Aug. 21 opened the doors to its largest Logistics Park at Jeddah Islamic Port in Saudi Arabia. The $250million, 225,000 sq m logistics facility provides a list of services under one roof, including: multi-modal connectivity between ocean, land and air transport; warehousing solutions catering for B2B and e-commerce requirements; temperature-controlled warehousing; custom-bonded setup; distribution solutions including first-
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