Navios Containers Acquires Boxship Quartet

Monaco-based Navios Maritime Containers has taken delivery of four Panamax containerships, which are employed on charters with a net daily charter rate of USD 27,156.

The company said that the charters, which expire in 2020, are expected to generate around USD 70 million of EBITDA, assuming expenses approximating current operating costs and 360 revenue days per year.

Navios Containers previously agreed to acquire the four 2008-built vessels for a total purchase price of USD 96.8 million.

The company financed the transaction with the net proceeds from its recently completed USD 50 million private placement and USD 50 million of additional bank debt it has secured on terms consistent with its existing credit facilities.

The first of the four 4,730 TEU containerships, APL Denver, was delivered to the company in late November.

Following this acquisition, Navios Containers controls 20 vessels, totaling 84,520 TEU with a current average fleet age of 9.8 years.

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 >