Navios Charters Out Latest Additions

Monaco-headquartered tanker owner and operator Navios Maritime has taken delivery of the newbuilding 49,999 dwt MR2 product/chemical tanker Nave Sextans, which is set to start its three-year charter at a rate of  USD 16,294 per day.

Navios has also found employment for two of its Very Large Gas Carriers (VLCC) and two product tankers.

The Nave Synergy, a 2010 Japanese-built VLCC of 299,973 dwt, delivered to Navios Acquisition’s owned fleet in December 2014. has been chartered out for one year at a rate of USD 34,125 net per day.

The VLCC Nave Neutrino has been chartered out for nine months at a rate based on an adjusted BITR TD3 index with an option for an additional nine-month period. The adjusted BITR TD3 is currently USD 76,645 per day.

The Nave Alderamin, an MR2 product tanker, has been chartered out for two years at USD 15,600 net per day, while the Nave Capella MR2 tanker had its charter extended for six months at an increased rate of USD 14,813 net per day with an option for an additional six-month period for USD 16,664 net per day.

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition, said: “The strong increase in tanker rates has given us an opportunity to secure attractive period charters. We chartered out one VLCC for a one-year period at a rate we believe may be the highest VLCC rate since 2010. We have also maintained exposure to a robust spot market, currently at USD 76,645 per day, by chartering another VLCC on an index linked contract. We will continue to charter out our fleet while lengthening our charter periods as the market allows.”

Image: Port of Hamburg