Dry CargoEurope

Navios Maritime Partners picks up PCL post-panamax bulker

Greece’s Navios Maritime Partners has announced the acquisition of a 2005-built panamax bulker for $12.95m.

Delivery of the vessel is expected this month, although Navios did not reveal any information on the identity of the vessel or seller.

Brokers tell Splash the vessel is PCL’s Japanese-built post-panamax Alam Penting.


The announcement of the acquisition came together with an announcement that Navios Maritime Partners, which is listed on the NYSE, has adopted a distribution policy of $0.08 per common unit annually.

Angeliki Frangou, chairman and CEO of Navios Maritime Partners, commented: “I am pleased we were able to restore distributions for our unit holders. Over the past couple of years, we used our cash flow to solidify our balance sheet and to renew and expand our drybulk fleet.”

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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