Greece: Navios Acquires 2003-Built VLCC

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, has acquired a 2003-built VLCC of 298,287 dwt.

The VLCC was purchased for $43.5 million and it will be delivered in Q2 2014.

Navios Acquisition is expected to finance the acquisition with cash on its balance sheet and financing consistent with its existing credit arrangements.

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition, stated, “Navios Acquisition is a premier tanker company having expanded its fleet at attractive points in the cycle. Today, our fleet of 11 VLCCs makes Navios Acquisition one of the leading public owners of VLCCs.”

Following the acquisition of the VLCC Navios Acquisition owns 44 vessels: 11 VLCCs, 29 product tankers and 4 chemical tankers.

Navios, April 10, 2014

Share this article

Follow World Maritime News

Posted on April 10, 2014 with tags , .

In Depth>

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >