Crew Reviews, Ratings & Info for Nave-Sextans

In a significant development in the shipping industry, NORDEN has successfully secured a new charter agreement costing $14,000 per day for a duration of one year. This strategic move is expected to bolster NORDEN's trading capabilities and enhance its position in the market. As shipping demand continues to fluctuate, this long-term charter arrangement is a crucial step for NORDEN, allowing for stability and operational efficiency throughout the charter period.

Navios Maritime Acquisition Corporation (NNA) announced on January 8 that it has successfully welcomed the Nave Sextans, a state-of-the-art MR2 product tanker boasting a deadweight tonnage of nearly 50,000. The vessel has been chartered to an undisclosed client for a period of two years, with a daily rate set at $15,600. In addition, in late December, NNA enhanced its operations by acquiring the Nave Synergy, an impressive crude oil carrier with a deadweight tonnage close to 300,000. This ship has been contracted for a one-year term at an attractive daily rate nearing $34,000. With these strategic acquisitions, Navios Maritime continues to strengthen its position in the maritime logistics industry.

Navios Maritime Acquisition Corporation, a prominent player in the tanker vessel sector, has successfully chartered two of its MR2 product tankers, the NAVE PYXIS and NAVE SEXTANS, to a reputable counterparty. This charter agreement spans three years, with an earnings rate set at $16,294 per day. The company's projections indicate that these two vessels are expected to contribute around $7.0 million to annual EBITDA, translating to an impressive total of approximately $20.9 million over the entire charter term, based on current operating expenses and an estimated 360 revenue days each year. CEO Angeliki Frangou remarked, 'The tanker rate environment has shown significant improvement, and we are capitalizing on this trend by securing favorable three-year charters. As the market continues to evolve, we anticipate rebalancing our charter agreements to incorporate longer-term contracts when they become available.' Currently, Navios Maritime Acquisition has successfully chartered out 66.9% of its available fleet days for the year 2015, with the average charter-out duration for its vessels sitting at 1.1 years. This strategic move underscores the company’s proactive approach in optimizing its fleet's performance in a changing market landscape. Source: Navios Maritime Acquisition Corp.