London: Navios Maritime Acquisition Corp has fixed a VLCC to Shell and two MR2 product tankers on one-year timecharters.
The VLCC Nave Galactic (297,200 dwt, built 2009) was fixed on a one-year timecharter to a “high-quality counterparty”, believed to be Shell Shipping and Trading, brokers told Splash today.
The rate is linked to the BITR TD3-TCE index. Navios will receive 100% of the index rate up to $39,500 net per day and 50% of any amount in excess of this figure per day. The company says this will bring in a minimum net rate of $29,625 per day.
The NYSE-listed owner has also fixed two MR2 tankers with ice class 1A to two other major traders.
Nave Equinox (50,900 dwt, built 2007) was fixed to Shell on a one-year timecharter at a rate of $15,650 net per day, plus an ice-transit premium of $1,900 per day.
Sister ship Nave Pulsar (50,900 dwt, built 2007) was fixed to Trafigura for at a rate of $15,553 net per day, day plus an ice-transit premium of $1,975 per day, for a one-year period.
Navios expects both MR2 vessels to each generate around $3.2m in base EBITDA over the course of their charters.
Both charters are currently on charters to BP that will terminate on April 17, currently earning $14,000 per day plus a $2,000-per-day premium for ice trading.