There's Blood in the Water, So Navios Is Buying

Navios Maritime (NM) is going long. Again. 

The company announced this morning it had signed a term sheet to acquire FSL Trust, a Singapore-listed entity that controls 22 ships, mainly tankers, with five containerships as well. It is a very complicated transaction, but the ultimate owner of FSL is HSH Nordbank. HSH is Navios' partner in the Navios Europe partnerships, and like several other European banks is reducing exposure to the volatile shipping markets ahead of more stringent capital requirements, namely Basel III. ...570 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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