Navios Maritime Partners L.P. (Navios Partners) (NYSE: NMM), an international owner and operator of dry cargo vessels, announced today that it took delivery of the following five containerships upon the liquidation of Navios Europe Inc. (Navios Europe I):
| Vessels | Type | Built | TEU | Charter Rate, net ($) |
Expected Expiration Date |
| Esperanza N | Sub-Panamax | 2008 | 2,007 | 8,075 | 03/2020 |
| Protostar N | Sub-Panamax | 2007 | 2,741 | 10,863 | 06/2020 |
| Harmony N | Sub-Panamax | 2006 | 2,824 | 9,875 | 05/2020 |
| Castor N | Panamax | 2007 | 3,091 | 11,702 | 06/2020 |
| Solar N | Panamax | 2006 | 3,398 | 11,400 | 06/2020 |
| Total: 5 vessels | 14,061 |
Navios Partners acquired the five containerships for approximately $52.0 million, subject to customary working capital adjustments.
Navios Partners received approximately $49.6 million in satisfaction of its receivable from Navios Europe I. Separately, Navios Partners incurred a $23.5 million loan from a commercial bank, with interest at LIBOR plus 400 bps and a maturity in September 2020.