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

MarAd Inks Pact to Move on Maritime Nuclear Power

MarAd Inks Pact to Move on Maritime Nuclear Power

UAE Trade Pause, US Sanctions Threaten Indian Exports to Iran

UAE Trade Pause, US Sanctions Threaten Indian Exports to Iran

Russian Wheat Prices Drop, Shipments to Reach 16-Year Low

Russian Wheat Prices Drop, Shipments to Reach 16-Year Low

Perfect Storm: High Bunker Prices Meet Declining Fuel Quality

Perfect Storm: High Bunker Prices Meet Declining Fuel Quality

Subscribe for Maritime Logistics Professional E‑News

Putin gives the Russian state the right to control infrastructure that is not properly protected
Zelenskiy: Russia 'not yet ready' to ceasefire on grain vessels
WestJet cabin staff approves proposed deal following strike