Navios Maritime Holdings Buys Vessels

September 5, 2019

The seaborne shipping and logistics company Navios Maritime Holdings took delivery of the Navios Herakles I, a newbuilt bareboat chartered-in Kamsarmax of 81,600 dwt.

The dry bulk owner has also acquired from an unrelated third party, a previously chartered-in vessel, the Navios Victory, a 2014-built, 77,095 dwt vessel, for a total acquisition price of $14.5 million, which was paid in cash.

From the beginning of 2017 through 2019 YTD, Navios Holdings has decreased by 26% the average age of its owned fleet including long-term bareboat chartered-in vessels.

In July 2019, the Company agreed to sell to an unrelated third party the Navios Primavera, a 2007-built Ultra Handymax vessel of 53,464 dwt, for a sale price of $10.3 million.

Navios Holdings controls a fleet of 57 vessels (including one vessel agreed to be sold) totaling 6.0 million dwt, of which 31 are owned and 26 are chartered-in under long-term charters.

The fleet consists of 18 Capesize, 28 Panamax, 9 Ultra-Handymax and two Handysize vessels, with an average age of 7.5 years, basis fully delivered fleet.

As of August 28, 2019, Navios Holdings has chartered-out 90.8% of available days for the remaining six months of 2019, out of which 62.7% are chartered-out on fixed rate and 28.1% on index. The average contracted daily charter-in rate for the long-term charter-in vessels for the remaining six months of 2019 is $13,841 per day.

Logistics News

Decarbonization is a Major Challenge for US Ports -Report

Decarbonization is a Major Challenge for US Ports -Report

Russia's Seaborne Oil Product Exports Fell in March

Russia's Seaborne Oil Product Exports Fell in March

UKHO Appoints Blake Interim Chief Executive

UKHO Appoints Blake Interim Chief Executive

Denmark Bans Discharge of Scrubber Water

Denmark Bans Discharge of Scrubber Water

Subscribe for Maritime Logistics Professional E‑News