Navios Maritime Acquisition to buy four new-build tankers

11 July 2013 (Last Updated July 11th, 2013 18:30)

Navios Maritime Acquisition has agreed to purchase two new-building chemical tankers, as well as exercising an option to buy a pair of MR2 product tankers for a total of $130.2m.

Navios Maritime Acquisition has agreed to purchase two new-building chemical tankers, as well as exercising an option to buy a pair of MR2 product tankers for a total of $130.2m.

Each of the 45,000dwt new-building chemical/product tankers will cost about $33.6m and are expected to be delivered in the third quarter of 2013.

Following delivery, the two vessels will be named the Nave Universe and the Nave Constellation.

According to the company, each of the two 51,200dwt new-building MR2 Eco Type product tankers will cost $31.5m and are scheduled to be delivered in the first quarter of 2015.

Funding for the new vessels will come from the company’s balance sheet and 60% bank debt on terms consistent with its existing credit facilities.

The two new-build chemical/product tankers have been chartered out to a counterparty for two years at a rate of $14,869 net per day, plus 50% profit sharing, while the charterer has been granted an option for an additional year at a rate of $16,088 net per day, plus 50% profit sharing.

Earlier this week, Navios Acquisition took delivery of a 49,995dwt new-building MR2 product tanker, Nave Capella, from a South Korean shipyard.

The company has also added the 50,922dwt second-hand MR2 Ice Class 1A product tanker called Nave Pulsar to its fleet.

Navios Acquisition operates a fleet of 40 vessels including 29 product tankers, four chemical tankers and seven crude tankers to transport petroleum products and bulk liquid chemicals.