Navios Maritime Partners has revealed 5-year charters and an agreement for 4 newbuilding container ships worth USD 460 million.
A relevant SEC filing reads:
In July 2025, Navios Partners sold a 2009-built transhipper vessel of 57,573 dwt, to Navios South American Logistics Inc., for a gross sale price of $30.0 million.
In August 2025, Navios Partners agreed to sell a 2005-built Panamax of 75,397 dwt and a 2007-built MR2 Product Tanker vessel of 50,922 dwt, to unrelated third parties, for an aggregate gross sale price of $22.6 million. The sales are expected to be completed during the second half of 2025.
On September 8, 2025, Navios Partners agreed to acquire four 8,850 TEU newbuilding methanol-ready and scrubber-fitted Containerships from an unrelated third party, for a purchase price of $115.1 million each. The vessels have been chartered-out at $44,145 net per day for a period of 5.2 years, with charterer’s option for one additional year at $41,579 net per day, and are expected to be delivered into Navios Partners’ fleet during the second half of 2027 and the first quarter of 2028. The closing of the transaction is subject to completion of customary documentation.
Overview
“We are an international owner and operator of dry cargo and tanker vessels that was formed in August 2007 by Navios Maritime Holdings Inc. We have been a public company since November 2007.
As of September 2, 2025, there were outstanding 28,932,658 common units and 622,296 general partnership units. Angeliki Frangou, our Chief Executive Officer and Chairwoman beneficially owned an approximately 17.4% common interest of the total outstanding common units including 4,672,314 common units held through four entities affiliated with her. An entity affiliated with Angeliki Frangou beneficially owned 622,296 general partnerships units, representing an approximately 2.1% ownership interest in Navios Partners based on all outstanding common units and general partnership units.
In July 2022, the Board of Directors of Navios Partners authorized a common unit repurchase program for up to $100.0 million of Navios Partners’ common units. Common unit repurchases will be made from time to time for cash in open market transactions at prevailing market prices or in privately negotiated transactions. The timing and amount of repurchases under the program will be determined by Navios Partners’ management based upon market conditions and financial and other considerations, including working capital and planned or anticipated growth opportunities. The program does not require any minimum repurchase or any specific number of common units and may be suspended or reinstated at any time in the Navios Partners’ discretion and without notice. The Board of Directors will review the program periodically. As of September 2, 2025, Navios Partners had repurchased 1,251,730 common units since the commencement of the program, for a total cost of approximately $54.8 million.
Fleet
As of September 2, 2025, Navios Partners’ fleet consists of 67 dry bulk vessels, 47 containerships and 57 tanker vessels, including 18 newbuilding tankers (12 Aframax/LR2 and six MR2 Product Tanker chartered-in vessels under bareboat contracts) that are expected to be delivered through the first half of 2028 and four 7,900 TEU newbuilding Containerships, that are expected to be delivered through the first half of 2027. The fleet excludes two Containerships, one Panamax and one MR2 Product Tanker vessel that have been agreed to be sold and four 8,850 TEU newbuilding Containerships that have been agreed to be acquired.
We generate revenues by charging our customers for the use of our vessels to transport their dry cargo commodities, containers, crude oil and/or refined petroleum products. In general, the vessels in our fleet are chartered-out under time charters, with duration of up to 12 years at inception. From time to time, we operate vessels in the spot market until the vessels have been chartered out under short-term, medium-term and long-term charters”.