Navios Maritime Partners L.P. Announces Acquisition of Two Newbuilding LNG Dual Fuel 7,700 TEU Conta
Navios Maritime Partners L.P., an international owner and operator of dry cargo and tanker vessels, announced today that it agreed to purchase two liquified natural gas (LNG) dual fuel 7,700 TEU containerships, for an aggregate purchase price of $241.2 million.
The vessels have the ability to operate on either LNG or conventional marine fuels. They are expected to be delivered into the fleet in the fourth quarter of 2024. The closing of the transaction is subject to completion of customary documentation. Navios Partners has been granted a two-month option for two additional LNG dual fuel 7,700 TEU containerships at the same terms, delivering in the second quarter of 2025.
The two containerships, have been chartered-out for 12 years, at an average net rate of $42,288 per day. The charter agreement provides for de-escalating payments as follows:
Year 1-3 : USD 57,213 net per dayYear 4-6 : USD 52,238 net per dayYear 7-8 : USD 37,313 net per dayYear 9-10 : USD 27,363 net per dayYear 11-12 : USD 24,875 net per dayThe charterer has an option to extend the charter for an additional two years at a net rate of $24,875 per day.
In connection with this transaction, th....