Navios Maritime Holdings Inc., a shipper whose profits have sank, cut its dividend by 33% to 6 cents instead of 9 cents. These guys are the kind of guys who are impacted by the Baltic Dry Index (BDI) crash.
At least they were still profitable. As you can see they, as a leading indicator, are not expecting any bounce back in business any time soon and has cancelled 3 ships from its fleet. They are probably expecting continued subdued clownsumers in America.
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