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Navios completes purchase of four containerships
NAVIOS Maritime Containers, a growth vehicle dedicated to the container sector based in the Marshall Islands, has taken delivery of four 2008-built Panamax containerships that are employed on charters with a net daily charter rate of US$27,156.
The charters expire in 2020 and are expected to generate approximately $70 million of EBITDA, assuming expenses approximating current operating costs and 360 revenue days per year.
Navios Containers previously agreed to acquire the four 2008-built 4,730 TEU containerships for a total purchase price of $96.8 million.
Navios Containers financed the acquisition of these vessels with the net proceeds from its recently completed $50 million private placement and $50 million of additional bank debt it had secured on terms consistent with its existing credit facilities, the company said.
Following this acquisition, Navios Containers controls 20 vessels, totalling 84,520 TEU with a current average fleet age of 9.8 years.
The charters expire in 2020 and are expected to generate approximately $70 million of EBITDA, assuming expenses approximating current operating costs and 360 revenue days per year.
Navios Containers previously agreed to acquire the four 2008-built 4,730 TEU containerships for a total purchase price of $96.8 million.
Navios Containers financed the acquisition of these vessels with the net proceeds from its recently completed $50 million private placement and $50 million of additional bank debt it had secured on terms consistent with its existing credit facilities, the company said.
Following this acquisition, Navios Containers controls 20 vessels, totalling 84,520 TEU with a current average fleet age of 9.8 years.
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