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Friday, October 20, 2017

Navios Maritime Completes Acquisition of 14 Container Vessels

August 7, 2017

File Photo: Navios Maritime

File Photo: Navios Maritime

 The Marshall Islands-based shipping company Navios Maritime Containers has closed the acquisition of the remaining four container vessels and as a result has completed the acquisition of the entire 14 container vessels fleet. 

Navios Containers acquired the 14 vessels for a total purchase price of $118.0 million plus certain delivery and other operating costs.
 
The Fleet was partially financed through two loan facilities of $61.0 million in aggregate, including a previously announced $40.0 million facility, and a recently completed $21.0 million facility.
 
Following this acquisition, Navios Containers controls a fleet of 14 vessels, totaling 57,100 TEU and the current average age of the fleet is 9.7 years.
 
Last month,  Navios Group has  launched Navios Containers, a vehicle dedicated to the container sector. The group decided to transfer the fleet acquired from Rickmers Maritime to its affiliate Navios Containers. The purchase of the ships came in the aftermath of the decision of Rickmers Trust Management, the trustee-manager of Rickmers Maritime, to wind up its business.
 
Marshall IslandsNavios MaritimeNavios Group