Navios Partners Buys Panamax Duo for USD 27 Mn

Greek owner and operator of container and dry bulk vessels Navios Maritime Partners has reached an agreement to purchase two Panamax vessels from Croatian shipping company Atlantska Plovidba for a total of USD 27 million.

The vessels, known as Imperial and Libertas, which were built by South Korean shipbuilder STX Offshore in 2007, are expected to be delivered to Navios Partners’ owned fleet in June and July 2017, respectively.

Each featuring 75,000 dwt, the two ships are expected to generate USD 4.6 million of annual EBITDA based on current rate environment, assuming operating expenses approximating current operating costs and 360 revenue days.

The company is set to finance the acquisition with cash on its balance sheet and bank debt on terms consistent with its existing credit facilities.

Following this acquisition, Navios Partners will control a fleet of 33 vessels with a carrying capacity of over 3.4 million dwt.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

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 >