Navios Inks Long-term Charters for 5 Boxships

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Navios Maritime Partners L.P., secured new long-term time charters for five containerships,  says a press release published on their website.

About the contract

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.

Expected revenue 

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

Navios fleet

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.

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Source: Navios