Navios Maritime Partners has reported net income of $185.7 million for the third quarter of 2026, up from $56.3 million in the same period of 2025.
Revenue for the three months ended September 30 rose 24.5 per cent year-on-year to $432 million, which the company attributed mainly to higher time charter equivalent (TCE) rates. The fleet's combined TCE rate increased 25.7 per cent to $30,371 per day.
Dry bulk rates rose to $25,708 per day from $17,976, and tanker rates rose to $36,183 per day from $26,238. Containership rates were broadly flat at $31,619 per day.
Excluding a $21.9 million gain on vessel sales, adjusted net income was $163.7 million. Net income for the first nine months reached $459.9 million.
The company has agreed since September to acquire seven newbuilding vessels for a combined $703.2 million. Four scrubber- and shore-power-fitted 10,100 TEU containerships account for $488 million and have been chartered out for 5.6 years at an average of $48,263 net per day.
The remaining purchases are a scrubber-fitted very large crude carrier (VLCC) for $124 million and two scrubber-fitted MR2 product tankers for $91.2 million. Deliveries are scheduled between the second half of 2028 and the second half of 2029.
Navios Partners also sold a 2009-built, 180,727 DWT Capesize for $30.8 million. In September it took delivery of a 7,900 TEU containership and an MR2 product tanker.
Additional charters worth $735.1 million lifted contracted revenue to $5 billion through 2037. The company reported $4.4 billion with its second-quarter results in August.
During the quarter, the company made voluntary prepayments of about $90.2 million on credit facilities, leaving seven vessels debt-free. It also repurchased 141,392 common units for $12 million and declared a distribution of $0.06 per unit, payable on November 12.
