Navios Maritime Partners secures long-term charters for five boxships

Angeliki Frangou’s Navios Maritime Partners has entered into long-term time charter agreements for five boxships. 

The New York-listed firm has fixed Navios Miami, Navios Vermillion, Navios Destiny, Navios Nerine and Navios Magnolia to undisclosed clients for 35–36 months at an average rate of approximately $41,723 net per day.

The charters will commence between September and December, upon the expiration of the current employment of the vessels.

The vessels are expected to generate around $220m aggregate net revenue for the minimum charter period.

Navios Maritime Partners entered into a definitive merger agreement to acquire Navios Containers in January this year.

After the merger, the company added 29 boxships to its fleet, which consists of 89 vessels.

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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