Navios Containers Takes Delivery Of First Of 4 Containerships With Period Charters

Navios-NYSE

Navios Containers, a growth vehicle dedicated to the container sector, announced that it has taken delivery of APL Denver, the first of four 2008-built Panamax containerships with period charters it has agreed to acquire. The remaining three vessels are expected to be delivered by mid-December.

Navios Containers agreed to acquire the four 2008 built 4,730 TEU containerships for a total purchase price of $96.8 million. These vessels are employed on charters with a net daily charter rate of $27,156. The charters expire in 2020 and are expected to generate approximately $70.0 million of EBITDA, assuming expenses approximating current operating costs and 360 revenue days per year.

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