Navios Maritime Receives Korean Capesize Vessels

5 August 2009 (Last Updated August 5th, 2009 18:30)

Shipping company Navios Maritime Holdings said that it has received three new Capesize vessels from South Korean shipyards. The company has issued a $20m unsecured bond. Navios hopes to generate a total annual EBITDA of approximately $46.6m after employment of the vessels

Shipping company Navios Maritime Holdings said that it has received three new Capesize vessels from South Korean shipyards.

The company has issued a $20m unsecured bond.

Navios hopes to generate a total annual EBITDA of approximately $46.6m after employment of the vessels under existing long-term charter-out contracts.

Two of the vessels are financed with a ten-year term facility for $120m.

The third vessel is financed with a ten-year term facility for $60m.