Navios Time Charters Two Product Tankers

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, has announced  that the Nave Equinox and the Nave Pulsar have been chartered out to an investment grade counterparty for one year at a rate of $14,813 net per day plus a $2,000 per day premium when vessels are trading in ice.

The vessels are expected to generate approximately $6 million of aggregate base EBITDA for the period of this charter assuming operating expense approximating current operating costs.

Fleet Update
Navios Acquisition has contracted 88.8% and 45.1% of its available days on a charter-out basis for 2014 and 2015, respectively.