Navios Maritime Partners (NMM) Announces $35.5 Million Sale of a 2009-Built Containership

Navios Maritime Partners L.P. (NYSE:NMM) is one of the best cheap stocks with huge upside potential. Navios Maritime Partners L.P. (NYSE:NMM) undertook the delivery of Nave Dorado, a newly built Aframax/LR2 tanker vessel, in April, boosting its operational capacity.

In addition, the company announced in May an agreement to sell a 2009-built containership for $35.5 million. The transaction for this deal is expected to be completed in the second half of 2025.

These strategic moves mark the company’s ongoing efforts for fleet optimization and financial performance improvement, potentially affecting stakeholder interests and its market positioning.

Navios Maritime Partners L.P. (NYSE:NMM) reported $304.1 million in revenue in fiscal Q1 2025, while net income for the quarter reached $41.7 million.

Navios Maritime Partners L.P. (NYSE:NMM) is a shipping and logistics company that owns and manages dry cargo and container vessels. The company’s focus is on the transport and transhipment of dry bulk commodities, which include coal, iron ore, and grain.

While we acknowledge the potential of NMM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.