Navios Maritime Holdings Inc. has entered into agreements to acquire two capesize new building vessels scheduled for delivery in 2009. Both vessels have secured long term charter-out employment.
Navios has entered into agreements to purchase two capesize vessels of approximately 181,000 dwt each, to be built by STX Shipbuilding Co. Ltd. in . The vessels will cost $108.5 and $109m respectively.
The first vessel is scheduled for delivery in the second quarter of 2009 and has been chartered-out for ten years commencing upon delivery at a net charter-out rate of $42,250 per day.
The second vessel is scheduled for delivery in the third quarter of 2009 and has been chartered-out for seven years with three one year charterers' options. The charter-out commences upon delivery at a net charter-out rate of $44,850 per day.
The vessels will be financed with debt and cash from operations.