Navios Partners Takes Delivery of Panamax Bulker

Navios vesselIllustration; Image Courtesy: Navios

Greek owner and operator of container and dry bulk vessels Navios Maritime Partners has expanded its fleet with a 2005-built Panamax vessel.

The company said that the 87,000 dwt Navios Apollon I was delivered on May 9, 2018.

As previously announced, the vessel was acquired for a price of USD 13 million.

Based on the current rate environment, the unit is expected to generate some USD 3.2 million of annual EBITDA, assuming operating expenses approximating current operating costs and 360 revenue and cost days.

Navios Partners financed the acquisition with cash on the balance sheet.

Earlier in 2018, Navios Partners agreed to purchase two 2006-built Panamax vessels from unrelated third parties.

Featuring 74,500 dwt, the Navios Altair I and the Navios Symmetry were acquired for a price of USD 22 million.

The vessels are expected to be delivered to Navios Partners’ owned fleet during the second quarter of 2018.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 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 3 4 5 6

The Smart Ship Exchange

The Exchange will look at the issues involved with increasing autonomy in shipping with an introduction to the concept…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

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

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >