Navios Takes Delivery of 10,000 TEU Boxship

Navios Maritime Containers announced that it took delivery of a 2011-built 10,000 TEU containership on April 23, 2019.

 As previously announced, the containership was acquired from an unrelated party for a purchase price of $52.5 million.

The vessel is chartered out at a net rate of (i) $26,325 per day until November 2020 and thereafter (ii) $27,300 per day until October 2021.

The acquisition of the containership was financed with: (i) a loan of $31.1 million from a commercial bank maturing in July 2023 and bearing interest at LIBOR plus 325 bps per annum, (ii) a $15.0 million credit by the seller for a period until January 2020 at a rate of 5.0% per annum and (iii) cash on the balance sheet.

Navios Containers owns 30 containerships, including one 10,000 TEU containership it expects to take delivery of in Q3 2019, totaling 152,821 TEU, with a current average fleet age of 10.7 years.