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Navios Maritime Partners L.P. (NMM)
NYSE · Transportation, Communications & Utilities · Deep Sea Foreign Transportation of Freight
Core research established · 4/4 core data layers currently established
What Navios Maritime Partners L.P. does
, results of operations, cash flows and unit price. There are no deductibles for the war loss of hire cover in case of piracy and contraband cover. Even if our insurance coverage is adequate to cover our losses, if we suffer a loss of a vessel, we may not be able to obtain a timely replacement for any lost vessel. Furthermore, in the future, we may not be able to obtain or maintain adequate insurance coverage for our fleet on reasonable terms and rates and certain losses may exceed available coverage. Due to heightened geopolitical tensions in designated war risk areas including the Indian Ocean, Gulf of Aden, and Red Sea, insurance underwriters are increasingly reluctant to provide coverage or are providing coverage at increased premiums, reduced capacity, more restrictive terms significantly limiting their overall exposure.
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