Crew Reviews, Ratings & Info for Nave-Pyxis

Navios Maritime has successfully finalized a significant sale and leaseback agreement involving several of its vessels based in Korea. This transaction encompasses three LR1 tankers: ‘Nave Cielo’ (built in 2007 by Stx), ‘Nave Ariadne’ (also built in 2007 by Stx), and ‘Nave Atropos’ (constructed in 2013 by Sungdong). Additionally, the deal includes three MR2 tankers: ‘Bougainville’ (built in 2013 by Stx), ‘Nave Equator’ (constructed in 2009 by Spp), and ‘Nave Pyxis’ (built in 2014 by Dae Sun). The entire fleet was sold en bloc for an impressive USD 90.8 million to Chinese buyers, with a favorable average time charter backing of 6.4 years.

Navios Maritime Acquisition Corporation, a prominent player in the tanker shipping industry, has successfully chartered two of its MR2 product tankers, the NAVE PYXIS and the NAVE SEXTANS. These vessels have been contracted to a reputable counterparty for a duration of three years at a daily rate of $16,294 net. This partnership is projected to yield around $7.0 million in annual EBITDA, translating to an impressive total of approximately $20.9 million in aggregate EBITDA throughout the charter period, contingent on current operating expenses and 360 revenue-generating days per year. Angeliki Frangou, the Chairman and Chief Executive Officer of Navios Acquisition, remarked, “The tanker rate landscape has significantly improved, and we are capitalizing on this trend by securing long-term charters at favorable rates. As the market evolves, we anticipate adjusting our charter durations to include more extended contracts as opportunities arise.” For the year 2015, Navios Acquisition has already secured 66.9% of its available days under charter agreements, with the average charter period across its fleet being 1.1 years. Stay tuned for more updates from Navios Maritime Acquisition Corp.