July 27, 2021 (GLOBE NEWSWIRE) -- Angeliki Frangou, the infamous CEO and Chairman of Navios Maritime Partners (NMM), recently ordered four newbuild container ships plus two options from a major yard. "I hit the jackpot" she yelled to a reporter who was waiting outside the yard HQ. Not long after Frangou had left, the yard CEO and CFO were seen dancing in the executive hallway and champagne and beluga caviar was served in the staff canteen for the remainder of the week. Several shipping news outlets have reported that Frangou has issued nearly $185 million worth of shares for no good reason and at huge discounts to Net Asset Value (NAV), which by many is considered an abusive practice commonly used by Greek shipping magnates. 2021 GlobeNewswire, Inc.
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Angeliki Frangou, Navios

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July 27, 2021 (GLOBE NEWSWIRE) -- Angeliki Frangou, the infamous CEO and Chairman of Navios Maritime Partners (NMM), recently ordered four newbuild container ships plus two options from a major yard. "I hit the jackpot" she yelled to a reporter who was waiting outside the yard HQ. Not long after Frangou had left, the yard CEO and CFO were seen dancing in the executive hallway and champagne and beluga caviar was served in the staff canteen for the remainder of the week.

Several shipping news outlets have reported that Frangou has issued nearly $185 million worth of shares for no good reason and at huge discounts to Net Asset Value (NAV), which by many is considered an abusive practice commonly used by Greek shipping magnates.

2021 GlobeNewswire, Inc.