Navios Maritime Partners Adds One Panamax Vessel
Greece-based Navios Maritime Partners announced that the Navios Apollon I, a 2005-built, 87,000 dwt Panamax vessel was delivered on May 9, 2018.
As previously announced, the vessel was acquired for a price of $13.0 million, said the international owner and operator of container and dry bulk vessels.
Based on the current rate environment (Clarksons’ 1-year time charter rate for Panamax vessels as of May 4, 2018), the vessel is expected to generate approximately $3.2 million of annual EBITDA, assuming operating expenses approximating current operating costs and 360 revenue and cost days.
The acquisition of the vessel was financed with cash on the balance sheet.
Navios Partners controls a fleet of 38 vessels, 13 Capesize vessels, 17 Panamaxes, three Ultra-Handymaxes and five Container vessels.
