Navios Maritime Partners L.P. Announces the Retirement of its Vice Chairman Mr. Ted Petrone
Navios Maritime Partners L.P. (NYSE: NMM), a leading international dry cargo and tanker vessel operator, has announced the retirement of Vice Chairman Mr. Ted Petrone. Petrone, who served the Navios organization for nearly 50 years, began his career as Assistant Vessel Operator and played a important role in expanding the company's fleet and business operations.
Chairwoman and CEO Angeliki Frangou acknowledged Petrone's significant contributions and expressed well wishes for his future endeavors. The announcement marks the end of a long-standing executive tenure at the maritime transportation company.
Navios Maritime Partners L.P. (NYSE: NMM), un operatore internazionale leader nel settore delle navi da carico secco e dei petroliere, ha annunciato il ritiro del Vice Presidente Mr. Ted Petrone. Petrone, che ha servito l'organizzazione Navios per quasi 50 anni, ha iniziato la sua carriera come Assistente Operatore di Nave e ha svolto un ruolo importante nell'espansione della flotta e delle operazioni aziendali dell'azienda.
La Presidente e CEO Angeliki Frangou ha riconosciuto i significativi contributi di Petrone e ha espresso i migliori auguri per i suoi futuri progetti. L'annuncio segna la fine di un lungo mandato esecutivo presso la compagnia di trasporto marittimo.
Navios Maritime Partners L.P. (NYSE: NMM), un operador internacional líder en buques de carga seca y petroleros, ha anunciado la jubilación del Vicepresidente Mr. Ted Petrone. Petrone, quien sirvió a la organización Navios durante casi 50 años, comenzó su carrera como Asistente de Operaciones de Buques y desempeñó un papel importante en la expansión de la flota y las operaciones comerciales de la empresa.
La Presidenta y CEO Angeliki Frangou reconoció las contribuciones significativas de Petrone y expresó sus mejores deseos para sus futuros proyectos. El anuncio marca el final de un largo mandato ejecutivo en la compañía de transporte marítimo.
Navios Maritime Partners L.P. (NYSE: NMM), 국제적인 건화물 및 유조선 운영의 선두주자, 부회장 Mr. Ted Petrone의 은퇴를 발표했습니다. Petrone은 Navios 조직에서 거의 50년을 근무했으며, 보조 선박 운영자로 경력을 시작하여 회사의 선대와 사업 운영 확장에 중요한 역할을 했습니다.
회장 겸 CEO인 Angeliki Frangou는 Petrone의 중요한 기여를 인정하고 그의 미래 활동에 대한 좋은 소망을 표현했습니다. 이번 발표는 해양 운송 회사에서 오랜 경영진의 임기를 마감하는 것을 의미합니다.
Navios Maritime Partners L.P. (NYSE: NMM), un opérateur international de premier plan dans le secteur des cargaisons sèches et des pétroliers, a annoncé le départ à la retraite du Vice-Président Mr. Ted Petrone. Petrone, qui a servi l'organisation Navios pendant près de 50 ans, a commencé sa carrière en tant qu'Assistant Opérateur de Navire et a joué un rôle important dans l'expansion de la flotte et des opérations commerciales de l'entreprise.
La Présidente et CEO Angeliki Frangou a reconnu les contributions significatives de Petrone et a exprimé ses meilleurs vœux pour ses projets futurs. L'annonce marque la fin d'un long mandat exécutif au sein de la société de transport maritime.
Navios Maritime Partners L.P. (NYSE: NMM), ein führender internationaler Betreiber von Trockenfracht- und Tankern, hat den Rücktritt von Vizepräsident Mr. Ted Petrone bekannt gegeben. Petrone, der fast 50 Jahre für die Navios-Organisation tätig war, begann seine Karriere als Assistenzschiffsbetriebsleiter und spielte eine wichtige Rolle bei der Erweiterung der Flotte und der Geschäftstätigkeit des Unternehmens.
Die Vorsitzende und CEO Angeliki Frangou würdigte Petrones bedeutende Beiträge und sprach ihm ihre besten Wünsche für zukünftige Vorhaben aus. Die Ankündigung markiert das Ende einer langjährigen Exekutive im maritimen Transportunternehmen.
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PIRAEUS, Greece, April 03, 2025 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo and tanker vessels, announced the retirement of Mr. Ted Petrone, Navios Partners’ Vice Chairman.
Ted Petrone was a member of the Navios family for almost half a century. He actively facilitated the growth of Navios’ fleet and business. Ted Petrone started his career as Assistant Vessel Operator and along the way provided his insights and judgments at many levels of the organization.
Angeliki Frangou, Chairwoman and CEO of Navios Partners stated, “Ted and I have worked together for years. We benefited from his hard work and formed a deep personal bond. We wish him continued success, good health, and fulfilling experiences in this exciting new phase of his life.”
About Navios Maritime Partners L.P.
Navios Maritime Partners L.P. (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at www.navios-mlp.com.
Forward-Looking Statements
This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements.
These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, wars, sanctions, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our dry bulk, containerships and tanker vessels in particular, fluctuations in charter rates for dry bulk, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, fluctuation in interest rates and foreign exchange rates, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units.
Contacts
Navios Maritime Partners L.P.
+1 (212) 906 8645
Investors@navios-mlp.com
Nicolas Bornozis
Capital Link, Inc.
+1 (212) 661 7566
naviospartners@capitallink.com
FAQ
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