Greece: Navios Acquisition Reports Its Recent Activities

Navios Maritime Acquisition Corporation (Navios Acquisition), an owner and operator of tanker vessels, announced today that the Nave Capella, a new building MR2 product tanker vessel of 49,995 dwt, was delivered from a South Korean shipyard on July 9, 2013. The Nave Capella has been chartered out to a quality counterparty for one year at a rate of $13,825 net per day.

Navios Acquisition also announced delivery of the Nave Pulsar, a 2007-built MR2 Ice Class 1A product tanker vessel of 50,922 dwt. The vessel was delivered on July 9, 2013.

Furthermore, Navios Acquisition has announced extension of the existing charter on the Chemical Tanker Nave Cosmos for one additional year ending in Q3 2014 at the increased base rate of $12,188 with 50% profit sharing.

Fleet Update

Navios Acquisition has 27 vessels in the water following the delivery of the Nave Capella and the Nave Pulsar.

Navios Acquisition has contracted 89.1% and 53.5% of its available days on a charter-out basis for 2013 and 2014, respectively.

The average charter-out period of Navios Acquisition’s fleet is 2.5 years.

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Navios Acquisition, July 12, 2013