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

Aramco Offers Oil Loadings Outside Hormuz, Cargoes Head to China

Aramco Offers Oil Loadings Outside Hormuz, Cargoes Head to China

Corn, Wheat Reach Multi-Year Highs Amidst US Crop, Black Sea Export Worries

Corn, Wheat Reach Multi-Year Highs Amidst US Crop, Black Sea Export Worries

Seventy Vessels Wait to Load Grain Near Sulina Canal

Seventy Vessels Wait to Load Grain Near Sulina Canal

Rafael Reis Appointed as VP Operations at Hanseatic Global Terminals Latin America

Rafael Reis Appointed as VP Operations at Hanseatic Global Terminals Latin America

Subscribe for Maritime Logistics Professional E‑News

Maguire: Seven charts show tighter energy markets by 2027.
Dubai's DXB passenger traffic drops more than 30% in the first half of the year as Iran War disrupts travel
Sources say that Ivory Coast’s delayed cocoa harvest could lead to congestion in ports before EU rules.