Navios Maritime Holdings
Navios Maritime Holdings (NM) is a global, vertically integrated seaborne shipping and logistics company … and as such, gives investors a more diversified opportunity than most dry bulk pure plays.
While dry bulk is a major component of its operations, NM also has its fingers in a couple of other promising pies: it’s a nearly one-fourth owner of the master limited partnership Navios Maritime Partners (NMM) and is a majority owner of tanker-focused Navios Maritime Acquisitions (NNA).
Navios Holdings has contracted 90.3% and 27.7% of its available days on a charter-out basis for 2013 and 2014, respectively. That mix ensures cash flow for the remainder of the year, while giving NM the ability to take advantage of rising spot rates in 2014. Also, earlier this month, NM announced the delivery of two Panamax vessels: the Galileo and the Amitie, both of which have been contracted for six-month charters. The addition of these two ships gives NM a total of 50 in the water.
As one of the sector’s largest places, NM’s size and operational scope adds stability. Plus, NM is the only one of these four picks that offers a dividend — and at a yield of 3.3%, it’s no token payout, either.