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):

Navios Maritime Partners L.P. Takes Delivery of Five Containerships Upon Liquidation of Navios Europe Inc.
Caption: Containership Protostar N - Image courtesy of  Ya Ray Yang
Vessels Type Built TEU Charter Rate,
net ($)
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.