For the quarter ended June 30th, 2012, we estimate that Navios Maritime Partners L.P. (NYSE: NMM) generated net income of $17,000,000. We estimate that earnings attributable to common unit holders were $16,700,000 or $0.29 per common unit. We also estimate that Time Charter & Voyage Revenues for the quarter were $49,000,000 and the net average TCE rate was $29,500.
Navios Maritime Partners operates a fleet of 19 vessels with an aggregate DWT capacity of 2,125,000 MT and an average age of 7.4 years as of June 30th, 2012. NMM owns seventeen of the 19 vessels in the fleet and operates the remaining two on long-term operating leases with purchase options. On July 23rd, 2012, NMM declared a quarterly cash distribution of $0.4425 per common unit, compared to $0.44 per unit for the previous quarter.
Navios Maritime Partners operates a fleet of 19 vessels with an aggregate DWT capacity of 2,125,000 MT and an average age of 7.4 years as of June 30th, 2012. NMM owns seventeen of the 19 vessels in the fleet and operates the remaining two on long-term operating leases with purchase options. On July 23rd, 2012, NMM declared a quarterly cash distribution of $0.4425 per common unit, compared to $0.44 per unit for the previous quarter.
