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Navios Maritime Partners L.P. Announces Agreement to Acquire Five Drybulk Vessels

Navios Maritime Partners L.P. (Navios Partners) (NYSE: NMM), an international owner and operator of dry cargo vessels, announced today that it has entered into agreements to acquire five dry bulk vessels (four Capesize and one Kamsarmax) for a total consideration of approximately $182.3 million.
Two vessels are new building vessels, a Capesize vessel, which is bareboat charter-in and is expected to be delivered in the second half of 2022, and a Kamsarmax vessel which is expected to be delivered in the first half of 2023.
Three Capesize vessels, the Navios Azimuth, the Navios Ray, and the Navios Bonavis, are being acquired from Navios Maritime Holdings Inc. for an aggregate purchase price of approximately $88.0 million and are expected to be delivered by July 2021. The acquisition of these vessels was approved by the Conflicts Committee of the Board of Directors of Navios Partners.

The vessels’ details are as follows:

Vessel Name
Type
DWT
Year Built
Navios Azimuth
Capesize
179,169
2011
Navios Ray
Capesize
179,515
2012
Navios Bonavis
Capesize
180,022
2009
Navios TBN I
Capesize
180,000
2022
Navios TBN II
Kamsarmax
81,000
2023
Following the above agreements, Navios Partners’ fleet (basis fully delivered fleet) consists of 94 vessels, of which 56 are dry bulk vessels and 38 are containerships. The fleet has a total capacity of 9.0 million dwt.

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