Navios Announce Delivery of Two Product Tankers
Thursday, July 11, 2013

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels,  has announced  that the Nave Capella, a new building MR2 product tanker vessel of 49,995 dwt, was delivered from a South Korean shipyard on July 9, 2013. The Nave Capella has been chartered out to a quality counterparty for one year at a rate of $13,825 net per day.

Navios Acquisition also announced:
•    Delivery of the Nave Pulsar, a 2007-built MR2 Ice Class 1A product tanker vessel of 50,922 dwt. The vessel was delivered on July 9, 2013.
•    Extension of the existing charter on the Chemical Tanker Nave Cosmos for one additional year ending in Q3 2014 at the increased base rate of $12,188 with 50% profit sharing.

Fleet Update
Navios Acquisition has 27 vessels in the water following the delivery of the Nave Capella and the Nave Pulsar.

Navios Acquisition has contracted 89.1% and 53.5% of its available days on a charter-out basis for 2013 and 2014, respectively.

The average charter-out period of Navios Acquisition's fleet is 2.5 years.


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