Navios Sells Handymax

Maritime Activity Reports, Inc.

February 21, 2019

File Photo: Navios Maritime

File Photo: Navios Maritime

Navios Maritime Holdings, a global, vertically integrated seaborne shipping and logistics company, said that it has sold its 2002-built Ultra Handymax vessel Navios Meridian.

The 50,316 dwt Navios Meridian was sold to an unnamed buyer recently for a total net sale price of USD 6.8 million.

Navios Holdings controls a fleet of 65 vessels totaling 6.6 million dwt, of which 35 are owned and 30 are chartered-in under long-term charters (collectively, the "Core Fleet"). The fleet consists of 19 Capesize, 30 Panamax, 14 Ultra-Handymax and two Handysize vessels, with an average age of 7.9 years, basis fully delivered fleet.

As of February 15, 2019, Navios Holdings has chartered-out 70.9% of available days of 2019, out of which 26.7% are chartered-out on fixed rate and 44.2% on index. The 2019 average contracted daily charter-in rate for the long-term charter-in vessels is $13,628.

The above figures do not include the fleets of Navios Logistics and Navios Containers and vessels servicing contracts of affreightment.

Maritime Reporter Magazine Cover Aug 2019 - The Shipyard Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

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

Subscribe for Maritime Reporter E-News