Marine Link
Friday, December 13, 2024

Navios Maritime Holdings Takes Delivery of Vessel

Maritime Activity Reports, Inc.

December 7, 2006

Navios Maritime Holdings Inc. announced the delivery of its latest owned vessel, the Navios Star, a 76,662 dwt panamax vessel. The Navios Star was built at the Imabari Shipyard in Japan in April of 2002. Navios received ownership of the Star through the exercise of a purchase option that Navios had obtained in connection with the long-term charter in agreement of the vessel. This exercise was previously announced in August of 2006 and is being fully financed by HSH Nordbank with a term facility of $19.5M. The current market value of the Navios Star is approximately $48.0 million. The Navios Star is currently employed under a long-term charter out agreement through January of 2010.

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week