marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

NMM Acquires Five Containerships

January 9, 2020

Greek owner and operator of dry cargo vessels Navios Maritime Partners has taken delivery of five containerships upon the liquidation of Navios Europe.

The five vessels comprise three Sub-Panamaxes and two Panamaxes, has been acquired for about USD 52 million.

The vessels - 2,007 TEU Esperanza N, the 2,741 TEU Protostar N, the 2,824 TEU Harmony N, the 3,091 TEU Castor N and the 3,398 TEU Solar N - were built between 2006 and 2008.

Navios Partners received approximately $49.6 million in satisfaction of its receivable from Navios Europe I.

Separately, Navios Partners incurred a $23.5 million loan from a commercial bank, with interest at LIBOR plus 400 bps and a maturity in September 2020.  

Logistics News

Gulf Oil Producers Build Tanker Fleet as Security Risks Mount Around Hormuz

Gulf Oil Producers Build Tanker Fleet as Security Risks Mount Around Hormuz

Russia Extends Diesel Export Ban Until Year End

Russia Extends Diesel Export Ban Until Year End

Dockworkers Strike Against Arms Shipments at More Than 100 Ports Globally

Dockworkers Strike Against Arms Shipments at More Than 100 Ports Globally

NorthPort Receives Four New Hybrid RTG Cranes

NorthPort Receives Four New Hybrid RTG Cranes

Subscribe for Maritime Logistics Professional E‑News

US airlines oppose China’s bid to increase flights
Oil giants rush in to help Italy's Meloni reduce energy costs by introducing fuel price caps
Canada fast tracks oil pipeline to diversify economy and divert away from US