Navios Maritime Partners L.P. Announces the Completion of the Sale of a Container Vessel

By Vessels

Navios Maritime Partners L.P. (Navios Partners) (NYSE: NMM), an international owner and operator of container and dry bulk vessels, announced Tuesday the completion of the previously announced sale of the MSC Cristina, a 2011 South Korean-built Container vessel of 13,100 TEU.

Navios Maritime Partners L.P. Announces the Completion of the Sale of a Container Vessel

Container ship MSC Cristina - Image courtesy: Buggi Porschien

The vessel was sold to an unrelated third party for a total net sale price of $125.0 million.

Approximately $100.0 million of the sale proceeds were used to repay bank debt.

Source: Navios Maritime Partners