Greece: Navios Maritime Acquires New LR1 Product Tanker Nave Andromeda

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, today received LR1 Product Tanker Nave Andromeda of 75,000 dwt that was delivered from a South Korean shipyard and immediately began a 3-year charter-out.

The Nave Andromeda is expected to generate approximately $1.6 million annual base EBITDA and $4.8 million of aggregate base EBITDA, assuming operating expense approximating current operating costs and 360 revenue days per year.

Navios Maritime Acquisition Corporation is an owner and operator of tanker vessels focusing in the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.

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Shipbuilding Tribune Staff, November 16, 2011;