Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the Nave Aquila, a new building MR2 product tanker vessel of 49,991 dwt, was delivered on November 9, 2012 from a South Korean shipyard.
The Nave Aquila has been chartered out to a high quality counterparty for three years at a rate of $13,331 net per day plus 50% profit sharing based on a formula. The profit sharing formula incorporates $1,000 premium above the relevant index.
The charterer has been granted an option for an additional two years at a rate of $14,566 net per day for the first optional year plus 50% profit sharing and a rate of $15,553 net per day for the second optional year plus 50% profit sharing.
The vessel is expected to generate approximately $2.5 million of annual EBITDA and approximately $7.5 million of aggregate EBITDA assuming operating expense approximating current operating costs and 360 revenue days per year.
Fleet Update Navios Acquisition has chartered-out 24 vessels of its 29 vessel fleet. The five vessels not yet chartered out will be delivered in 2013 and 2014.
Navios Acquisition has contracted 100.0% and 83.4% of its available days on a charter-out basis for 2012 and 2013, respectively.
The average charter-out period of Navios Acquisition’s fleet is 3.1 years.
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Press Release, November 13, 2012