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Navios Maritime Partners to add another Panamax vessel to fleet

Published by , Assistant Editor
Dry Bulk,

Greece-based owner and operator of dry bulk and container vessels, Navios Maritime Partners L.P. is to acquire a 2005-built Panamax vessel for US$12.95 million, with delivery expected in March 2018.

The Panamax vessel, which weighs approximately 87 000 DWT is to be purchased by Navios Maritime Partners for US$12.95 million.

Following this acquisition, Navios Maritime Partners will control 40 vessels.

Based on the current rate environment (Clarksons’ 1-year time charter rate for Panamax vessels as of 2 March 2018), the vessel is expected to generate approximately US$3.2 million of annual EBITDA, assuming operating expenses approximating current operating costs and 365 revenue and cost days.

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