Navios Maritime Partners had added a fourth dry bulk vessel to the fleet this year, acquiring a eight-year-old Japanese-built capesize for $28.3m.
The vessel is scheduled for delivery by August 2017, and the vessel is expected to generate around $3.7m of annual EBITDA based on current rates.
Navios plans to finance the acquisition with cash on its balance sheet and by using existing credit facilities.
So far this year, Navios Maritime Partners has acquired four bulkers, made up of two panamaxes and two capesizes, spending around $83m. It has also reached an agreement with Singapore’s Rickmers Maritime to acquire the Singapore trust’s entire containership fleet for around $113m.
