Navios Acquisition Expands VLCC Fleet

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, said that the Nave Electron, a 2002-built VLCC of 305,178 dwt, was delivered to Navios Acquisition’s owned fleet on July 21, 2014.

The company also announced that the Nave Electron has been chartered out to a high quality counterparty for minimum one year at a rate based on charterer’s VLCC pool earnings.

The Nave Electron has been provided as collateral under the 8.125% First Priority Ship Mortgage Notes due 2021, in place of the Nave Dorado and the Nave Lucida (MR2 product tankers).

As a result, approximately $5.5 million of value has been added to the collateral package.

Following the delivery of the Nave Electron, Navios Acquisition has 38 vessels in the water of which 11 VLCCs, 23 product tankers and four chemical tankers.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 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

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >