Navios Partners Adds Two Container Vessels to Its Fleet

  • Business & Finance

Navios Maritime Partners L.P. an owner and operator of dry cargo vessels, announced today that the Hyundai Singapore and the Hyundai Hong Kong, both 2006-built container vessels of 6,800 TEU, were delivered to Navios Partners’ owned fleet on December 4, 2013.

The Hyundai Singapore and the Hyundai Hong Kong have been chartered out to an investment grade counterparty for ten years (with Navios Partners’ option to terminate after year seven), at a rate of $30,150 net per day per vessel.

The two vessels are expected to generate approximately $15.9 million annual EBITDA and $155.3 million aggregate EBITDA for the ten years of the charter period. EBITDA estimates assume expenses approximating current operating costs and 360 revenue days per year.

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