Navios Maritime Partners L.P. (Navios Partners) (NYSE:NMM), an international owner and operator of container and dry bulk vessels, announced Friday that it has agreed to sell the Hyundai Hongkong, a 2006-built, 6,800 TEU containership for a total net sale price of $36.0 million to Navios Maritime Containers Inc. (Navios Containers) (NOTC:NMCI). The vessel is expected to be delivered to Navios Containers in the third quarter of 2018.
Navios Partners also granted options to Navios Containers to acquire four additional 2006-built, 6,800 TEU containerships (the Hyundai Singapore, the Hyundai Busan, the Hyundai Shanghai and the Hyundai Tokyo) for a purchase price of $36.0 million per vessel. Each of the four vessels are sister ships to the Hyundai Hongkong and have the same time charter employment in place.
The acquisition is subject to certain conditions.
The transaction was unanimously approved by the Conflicts Committee of the Board of Directors of Navios Partners.
Following the above-mentioned sale of one containership, Navios Partners controls a fleet of 37 vessels, of which 13 are Capesize vessels, 17 are Panamaxes, three are Ultra-Handymaxes and four are Container vessels.