Navios Sells 2 Chemical Tankers for $72.9 Mln

Navios Maritime Acquisition Corporation has agreed to sell two chemical tankers to an unaffiliated third party for a sale price of $74.6 million, resulting in an expected book gain of approximately $11.7 million, the company announced today.

The two 2013-built Marshall Islands-flagged vessels, the 45,281 dwt Nave Constellation and the 45,513 dwt Nave Universe, were acquired in 2013 for a total purchase price of $67.2 million. While owned by NNA, the two 183-meter-long vessels are expected to have generated a total EBITDA of $22.3 million. 

Closing of the transaction is expected in the third quarter of 2016, following the completion of vessels’ chartering commitments.

Navios Acquisition said it intends to use the proceeds from the sale of these vessels for repayment of indebtedness and general working capital purposes.