Navios Partners picks up panamax bulker pair for $22m

Navios Partners picks up panamax bulker pair for $22m

Navios Maritime Partners is acquiring two 2006-built panamax bulkers for a total of $22m.
 
The 74,500 dwt vessels are scheduled for delivery to Navios Partners during the first quarter, and are attached to charters at $9,375 and $9844 per day.
 
Navios says the vessels are expected to generate around $4.8m of EBITDA for the first year, and are being financed with cash on its balance sheet and $14.3m of bank deb.
 
The acquisition grow the Navios Partners fleet to 38 vessels.
 
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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