Navios Maritime Containers Inc. (Navios Containers) (N-OTC:NMCI), a growth vehicle dedicated to the container sector, announced that it has taken delivery of a 2010-built, 4,250 TEU containership (the Navios Dorado) for a purchase price of $11.78 million.

Navios Containers takes delivery of containership Navios Dorado
Caption: Containership Navios Azure (for illustrative purposes only) - Image courtesy of Krijn Hamelink

The Navios Dorado has been chartered out at a daily net rate of $10,468 until April/July 2019, and is expected to generate $1.3 million of annual EBITDA, based on fixed operating expenses and 360 revenue days.

Navios Containers financed the acquisition of the vessel with cash on its balance sheet and $6.0 million of bank debt under one of its existing credit facilities.

Fleet Update

Following this acquisition, Navios Containers controls 22 vessels, totaling 93,130 TEU, with a current average fleet age of 9.9 years.

Source: Navios