Navios Partners Acquires Capesize Vessel
Navios Maritime Partners L.P., an international owner and operator of dry bulk and container vessels, said it has agreed to acquire one 2009 Japanese-built Capesize vessel of 180,274 dwt for a purchase price of $28.3 million. The vessel is expected to be delivered to Navios Partners' owned fleet by August 2017.
The dry bulk vessel is expected to generate approximately $3.7 million of annual EBITDA based on the current rate environment (Clarkson’s 1-year time charter rate for Capesize vessels as of April 28, 2017), assuming operating expenses approximating current operating costs and 360 revenue days.
Navios Partners said it expects 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 two Panamax and two Capesize dry bulk vessels, with a combined capacity of about 500,000 dwt for a total price of about $83 million.
Following this acquisition, Navios Partners controls 34 vessels.