Navios Acquisition Announces Delivery of Nave Alderamin

Navios Maritime Acquisition Corporation (Navios Acquisition), an owner and operator of tanker vessels, announced today that the Nave Alderamin, a new building MR2 product tanker vessel of 49,998 dwt, was delivered today from a South Korean shipyard.

Nave Alderamin has been chartered out to a high quality counterparty for six months at a rate of $13,163 net per day plus 50% profit sharing based on a formula. The vessel is expected to generate approximately $1.2 million of aggregate base EBITDA for the period of this charter assuming operating expense approximating current operating costs.

Following the delivery of the Nave Alderamin, Navios Acquisition has 30 vessels in the water.

[mappress]
Press Release, September 3, 2013