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

Port of Los Angeles Reports Record Low Emissions

Port of Los Angeles Reports Record Low Emissions

Import Window for Brazil Ethanol to Reopen in January

Import Window for Brazil Ethanol to Reopen in January

Citi: Oil Prices Remain Unstable Despite Recovering Gulf Exports

Citi: Oil Prices Remain Unstable Despite Recovering Gulf Exports

Asian Imports of LNG to Increase Despite Rising Costs

Asian Imports of LNG to Increase Despite Rising Costs

Subscribe for Maritime Logistics Professional E‑News

Smoke in the cabin causes emergency landing of a Boston bound Delta flight in Portugal
Canada fast tracks oil pipeline to diversify economy and divert away from US
Zimbabwean businessman Chivayo who was close to the ruling elite killed in helicopter crash