Navios-Buena-Ventura Vessel Reviews and Specifications

On June 19, 2012, Navios Maritime Partners L.P. made headlines with the acquisition of the Navios Buena Ventura, a 2010-built Capesize vessel constructed in South Korea, for a total cash investment of $67.5 million. Of this amount, $22 million will be financed through debt, while the remaining $45.5 million will be drawn from the company’s balance sheet. The 179,259 dwt vessel has been secured with a charter agreement lasting until December 2020, generating daily revenue of $29,356 (net). This deal features a 50/50 profit-sharing arrangement that comes into effect when the Baltic Exchange Capesize TC Average surpasses $38,500, enhancing the profitability potential of this strategic acquisition for Navios Maritime Partners. For additional details, please visit: http://www.benzinga.com/news/12/06/2677017/navios-maritime-partners-purchases-capesize-vessel-with-eight-year-charter-for-67#ixzz1yDY5kLRF.