Navios stock was trading Tuesday afternoon at $4.05, up 40 cents, or 11%, on heavy volume.
The Marine Money event officially kicks of Tuesday with all the typical conference fare: panel discussions, break-out groups, ballroom luncheon keynote addresses, cocktail hours, awards ceremonies, HELLO I AM stickers and continental breakfasts.
Panel discussions include all the capital-markets topics: mergers and acquisitions, private-equity investment, public stock offerings and public debt.
One session called "Commercial Bank Summit" seems the most apropos for the current times. According to the Marine Money schedule of events, the panel promises to deal with such topics as "Coping with falling asset prices" and to address the question, "Have we really survived the worst?"