Navios Maritime Partners L.P. Purchases Capesize Vessel With Eight Year Charter
PIRAEUS, GREECE - June 18, 2012 - Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM), an owner and operator of dry cargo vessels, announced today that it has purchased from Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE: NM) the Navios Buena Ventura, a 2010 South-Korean-built Capesize vessel of 179,259 dwt for $67.5 million cash consideration of which $22.0 million are debt financing and the $45.5 million cash from balance sheet.
The vessel is chartered out at $29,356 (net) per day until December 2020 with 50/50 profit sharing which commences when the Baltic Exchange Capesize TC Average exceeds $38,500. The Navios Buena Ventura is expected to generate annual base EBITDA of approximately $8.3 million and aggregate base EBITDA of approximately $70.8 million over the life of the charter contract. The charter contract is insured by an AA rated insurance company in the European Union.
About Navios Maritime Partners L.P.
Navios Partners (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels.
For more information, please visit our website at
Maritime Partners L.P (NMM)
http://www.navios-mlp.com/home.asp
http://www.nasdaq.com/symbol/nmm
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Navios Maritime Holdings (NM)
http://www.navios.com/home.asp
http://www.nasdaq.com/symbol/nm
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Dry Bulk Fixtures 19.06.2012
http://reports.platou.com/FixtureReport/Pages/BulkFixtures.aspx
3 weeks Fixtures
http://reports.platou.com/OnlineServices/Pages/BulkPeriodFixtures.aspx
Photo:Capesize Navios Buena Ventura 179,259 dwt
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PIRAEUS, GREECE - June 18, 2012 - Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM), an owner and operator of dry cargo vessels, announced today that it has purchased from Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE: NM) the Navios Buena Ventura, a 2010 South-Korean-built Capesize vessel of 179,259 dwt for $67.5 million cash consideration of which $22.0 million are debt financing and the $45.5 million cash from balance sheet.
The vessel is chartered out at $29,356 (net) per day until December 2020 with 50/50 profit sharing which commences when the Baltic Exchange Capesize TC Average exceeds $38,500. The Navios Buena Ventura is expected to generate annual base EBITDA of approximately $8.3 million and aggregate base EBITDA of approximately $70.8 million over the life of the charter contract. The charter contract is insured by an AA rated insurance company in the European Union.
About Navios Maritime Partners L.P.
Navios Partners (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels.
For more information, please visit our website at
Maritime Partners L.P (NMM)
http://www.navios-mlp.com/home.asp
http://www.nasdaq.com/symbol/nmm
---------------------------------
Navios Maritime Holdings (NM)
http://www.navios.com/home.asp
http://www.nasdaq.com/symbol/nm
---------------------------------
Dry Bulk Fixtures 19.06.2012
http://reports.platou.com/FixtureReport/Pages/BulkFixtures.aspx
3 weeks Fixtures
http://reports.platou.com/OnlineServices/Pages/BulkPeriodFixtures.aspx
Photo:Capesize Navios Buena Ventura 179,259 dwt
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19/6 2012 14:37 fcras 0
58443 BDI: Bulkratene fortsetter opp.............................................
(Hegnar.no - 19.6.12 14:19)
Baltic Dry-indeksen stiger videre tirsdag. Nå har også Capesize-segmentet snudd opp.
Bulkindeksen Baltic Dry er opp 1,7 prosent til 954 poeng tirsdag.
•Capesize 3.420 dollar (+1,3 prosent)
•Panamax 8.668 dollar (+ 0,9 prosent)
•Handysize 9.926 dollar (+ 1,8 prosent)
•Supramax: 11.626 dollar (+ 2,5 prosent)
All time high for Baltic Dry er fortsatt på 11.793 poeng, satt 20. mai 2008. Laveste notering kom 31. juli 1986 og var på 554 poeng.
Baltic Dry
Baltic Dry-indeksen er en indeks for tørrbulkratene innen shipping. Den har vært aktiv siden 1998, og driftes av Baltic Exchange, et privat selskap basert i London.
http://www.balticexchange.com/
(Hegnar.no - 19.6.12 14:19)
Baltic Dry-indeksen stiger videre tirsdag. Nå har også Capesize-segmentet snudd opp.
Bulkindeksen Baltic Dry er opp 1,7 prosent til 954 poeng tirsdag.
•Capesize 3.420 dollar (+1,3 prosent)
•Panamax 8.668 dollar (+ 0,9 prosent)
•Handysize 9.926 dollar (+ 1,8 prosent)
•Supramax: 11.626 dollar (+ 2,5 prosent)
All time high for Baltic Dry er fortsatt på 11.793 poeng, satt 20. mai 2008. Laveste notering kom 31. juli 1986 og var på 554 poeng.
Baltic Dry
Baltic Dry-indeksen er en indeks for tørrbulkratene innen shipping. Den har vært aktiv siden 1998, og driftes av Baltic Exchange, et privat selskap basert i London.
http://www.balticexchange.com/
