Navios Announces Delivery of ‘Nave Alderamin’

Navios Maritime Acquisition Corporation, 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.

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Navios Maritime, September 3, 2013