Reviews & Ratings for the Nave-Cielo

In a strategic move to enhance its financial portfolio, Navios Maritime has successfully executed a significant sale and leaseback transaction involving several of its vessels based in Korea. The deal encompasses three Long Range 1 (LR1) tankers: the 'Nave Cielo' built in 2007 at STX, the 'Nave Ariadne' also from 2007 at STX, and the 'Nave Atropos' from 2013 at Sungdong. Additionally, it includes three Medium Range 2 (MR2) tankers: the 'Bougainville' from 2013 at STX, the 'Nave Equator' from 2009 at SPP, and the 'Nave Pyxis' from 2014 at Dae Sun. This comprehensive transaction, which totaled approximately USD 90.8 million, was acquired en bloc by Chinese buyers and is backed by lease agreements with an average duration of 6.4 years, providing a steady cash flow for Navios Maritime.

In a significant regulatory action, the US Coast Guard has imposed a hefty fine of $2 million on the shipping company owning the tanker 'Nave Cielo' following the exposure of illegal discharges of oily water. The incident came to light in November 2017 when a crew member provided compelling video evidence showing the tanker discharging contaminated water into the ocean as it navigated from New Orleans to Belgium. This sizeable penalty reflects the serious nature of the offense, especially since the ship’s documentation failed to indicate any such discharge had occurred. The critical footage was shared with the Coast Guard during a routine inspection, prompting immediate investigation and enforcement actions. For those interested, the videos that captured this environmental violation can be viewed at the following links: [Video 1](https://www.youtube.com/watch?v=hwp7YurcNHE) and [Video 2](https://www.youtube.com/watch?v=HALYOeELl4I).