Navios Maritime Acquisition Corporation has chartered out the 2008-built VLCC Nave Photon, which was delivered to the company during the first week of December.
, which was delivered to the company during the first week of December.The VLCC, which was acquired from China VLCC in October, has been fixed out for two years ar a rate $40,488 net per day. Assuming current operating costs, the vessel is expected to generate around $21.8m of aggregate EBITDA during the lifetime of the charter.
The vessel has also been provided as collateral for the 8.125% First Priority Ship Mortgage Notes due 2021, to replace the two product tankers Nave Rigel and Nave Dorado adding around $3m of value to the collateral package.
Additionally, Navios Acquisition has secured a new $44.0m bank debt facility for the two product tankers.
