Navios Maritime Notes Improvement

Navios Maritime continues to grow its fleet of dry bulk freighters,buying four new ships for 43 million dollars.The Greece-based firm ships iron ore,foodstuffs and other commodities.Its CEO,Angeliki Frangou,says she is very bullish on China-in roads and railways and every other way.The Baltic Dry Index,which measures demand for shipping,had gone down as low as 650;recently it went back to over 4,000.The BDI had been over 9500 last June.Navios Maritime's trade is based on the emerging markets.It is not based on the consumer at all,Ms.Frangou explained.