Navios Containers to Buy Secondhand Ship

  • Business & Finance

Monaco-based container shipping company Navios Maritime Containers has decided to acquire a 4,250 TEU containership from an undisclosed party.

The ship, built in 2010, will be bought for USD 11.78 million.

“The acquisition is subject to a number of conditions, and no assurance can be provided that the acquisition will close,” Navios Containers said.

Navios Containers expects to finance the acquisition with cash on its balance sheet and USD 6 million from an existing credit facility.

As informed, the vessel is expected to be delivered in Q1 2018.

Following the acquisition, Navios Containers will own 22 vessels, totaling 93,130 TEU, with a current average fleet age of 9.8 years. The company said it has chartered-out 56.5% of its available days for 2018 and 18.7% of its available days for 2019.

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