Nave-Pyxis

Navios Maritime made several sale & leaseback deals for their Korean vessels, the first one including 3 x LR1 (“Nave Cielo” 75/2007 Stx, “Nave Ariadne” 75/2007 Stx, & “Nave Atropos” 75/2013 Sungdong) and 3 x MR2 (“Bougainville” 51/2013 Stx, “Nave Equator” 50/2009 Spp & “Nave Pyxis” 50/2014 Dae Sun) which were sold for USD 90,8 mill enbloc to Chinese buyers with an average of 6,4 years T/C back.

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the NAVE PYXIS and the NAVE SEXTANS have been chartered out to a high quality counterparty for three years at a rate of $16,294 net per day. The vessels are expected to generate approximately $7.0 million of annual EBITDA (approximately $20.9 million of aggregate EBITDA for the charter period in total) assuming operating expense approximating current operating costs and 360 revenue days per year. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition stated, “The rate environment for tankers has materially improved and we have taken advantage of this dynamic by securing three year charters at attractive rates. As the rate market evolves, we would expect to re-balance our charter periods to include longer term contracts when available.”Navios Acquisition has contracted 66.9% of its available days on a charter-out basis for 2015.The average charter-out period of Navios Acquisition’s fleet is 1.1 years. Source: Navios Maritime Acquisition Corp.