Navios Acquisition’s Tankers Chartered at Higher Rates

Owner and operator of tanker vessels Navios Maritime Acquisition Corporation has entered into charter deals for three of its product tankers at 14% higher average charter rates.

The company’s Nave Equator, an MR2 product tanker, has been chartered to an undisclosed party for 18 months at USD 17,000 per day.

The 2009-built ship is expected to generate USD 5.5 million of aggregate EBITDA for the complete charter period.

Furthermore, Navios Acquisition entered charter extensions for Nave Titan and Nave Orion, both MR2 product tankers, for a period of one year, following the charterers’ options being exercised.

“Pursuant to the options, the applicable increased base rates are USD 15,306 and USD 14,813 (net) per day, respectively, plus profit sharing,” the vessel owner said.

The 2013-built vessels are expected to generate approximately USD 6 million of aggregate base EBITDA for the one-year extended charter period.

Navios Acquisition said that it has contracted 91.5% of its available days for 2016.

Earlier this week, the company decided to sell two of its second-hand chemical tankers to an unnamed third party for repayment of indebtedness and general working capital purposes.

The two 2013-built chemical tankers, Nave Constellation and Nave Universe, would be sold for a price of USD 74.6 million.

Share this article

Follow World Maritime News

In Depth>


<< Oct 2019 >>
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 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >