Navios Maritime Containers fleet hits 20 with completion of latest acquisition

Navios Maritime Containers fleet hits 20 with completion of latest acquisition

Navios Maritime Containers has completed the acquisition of four 2008-built panamax containerships for $96.8m.

The four 4,730 teu vessels are currently employed on charters through to 2020 at a daily rate of $27,156, generating Navios around $70m of EBITDA.

Navios financed the acquisition with the proceeds from its recently completed $50m private placement and $50m of bank debt.

The new additions takes the Navios Containers fleet to 20 vessels totalling 84,520 teu and a current average age of 9.8 years.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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