Navios Maritime acquires Japanese-built capesize vessel
Published by Harleigh Hobbs,
Editor
Dry Bulk,
Navios Maritime Partners LP, an international owner and operator of dry bulk and container vessels, has agreed to acquire one 2009 Japanese-built capesize vessel of 180 274 DWT for a purchase price of US$28.3 million. The vessel is expected to be delivered to Navios Partners' owned fleet by August 2017.
The vessel is expected to generate approximately US$3.7 million of annual EBITDA based on the current rate environment (Clarkson’s 1-year time charter rate for capesize vessels as of 28 April 2017), assuming operating expenses approximating current operating costs and 360 revenue days.
Navios Partners is expected to finance the acquisition with cash on its balance sheet and bank debt on terms consistent with its existing credit facilities.
In the first four months of 2017, Navios Partners has agreed to acquire four dry bulk vessels (two panamax and two capesize vessels) with a combined capacity of about 500 000 DWT for a total price of about US$83.0 million.
Read the article online at: https://www.drybulkmagazine.com/shipping/08052017/navios-maritime-acquires-japanese-built-capesize-vessel/
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