2018 August 1 13:48

Navios Maritime Container announces agreement to acquire a containership

Navios Maritime Containers Inc., a  growth vehicle dedicated to the container sector, announced that it agreed to  acquire a 20 09 - built,  4, 563 TEU containership for $1 3 . 9 million from an unrelated third party. The vessel is expected to be  delivered in  Q3/Q4  2018. Based on the current rate environment  (Clarksons Research 6 - 12 month  time charter rate for  4,400  TEU  vessels of  $ 12,800 per day for July 2018 ) the vessel is expected to generate approximately $ 2. 1 million of EBITDA over the next twelve months, based on operating expenses in line with the  management  agreement and normal operations. 

Navios Containers is expected to finance the acquisition with cash on its balance sheet and $9.0  million of additional bank debt on terms consistent with its existing credit facilities. Fleet  Employment  Update Following the acquisition, Navios Containers  will own 26 vessels, tot aling  124,101 TEU, with a current  average fleet age of 10.3 years.

About Navios Maritime Containers Inc. 

Navios Maritime Containers Inc. is a growth vehicle dedicated to the container sector of the maritime  industry.