Navios fetches $220m for 2006-built post-panamax pair

Angeliki Frangou’s Navios Maritime Partners has agreed to sell a pair of 16-year-old 8,204 teu containerships for an aggregate price of $220m.

The New York-listed firm has offloaded the 2006-built Navios Utmost and the Navios Unite to an unrelated third party, with the sale expected to complete in the second half of 2022. The vessels are valued at around $116m and $115m, respectively, according to VesselsValue.

The red-hot container segment has seen some record sales this year. South Korea’s Sinokor recently landed what was described as ‘deal of the year‘ by US shipbroker Compass Maritime with the sale of four boxships between 4,253 teu and 7,471 teu to MSC for $350m, representing a 613% increase in value.

Navios Partners said it has an approximately $1bn investment in 18 newbuilding vessels delivering through 2024, most recently up to four 5,300 teu ships on order at China’s Zhoushan Changhong International Shipyard. Following these transactions, Navios Partners will own and operate a fleet of 146 vessels, including 47 containerships.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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