Navios Partners Buys Panamax Pair

Greek owner and operator of dry bulk and container vessels Navios Maritime Partners has agreed to acquire two 2006-built Panamax vessels.

As informed, the 74,500 dwt ships will be bought from an unnamed party for a total purchase price of USD 22 million.

The vessels are expected to be delivered to Navios Partners’ owned fleet within Q1 2018.

Based on the existing charters of the vessels and the current rate environment, the vessels are expected to generate approximately USD 4.8 million of EBITDA for the first year, Navios Partners said.

The company is expected to finance the acquisition with cash on its balance sheet and USD 14.3 million bank debt maturing in 2023 and bearing interest at LIBOR plus 300 bps per annum.

Following the newest acquisition, Navios Partners controls a fleet of 38 vessels.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2018 >>
MTWTFSS
29 30 31 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

Offshore Wind Europe 2018

The Offshore Wind Europe speaker line-up is supported by executives who are leading the charge…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

Petrochemical Supply Chain & Logistics Conference & Exhibition

The Petrochemical Supply Chain & Logistics Conference & Exhibition (15 – 16th November, Houston) is positioned at the forefront of the booming Petrochemical industry in North America.

This industry leading event is regarded as the most significant meeting place for supply chain & logistics professionals, where they meet to do business.

More Info

read more >

DREDGING FOR SUSTAINABLE INFRASTRUCTURE

The two-day-long programme offers six highly interactive sessions with contributions from…

read more >