Navios Maritime Partners L.P. takes delivery of a Panamax vessel

Navios Maritime Partners L.P. ("Navios Partners") an owner and operator of dry cargo vessels, announced the delivery on October 11 of the Navios Harmony, a 2006-built panamax vessel of 82,790 dwt. The ship was added to the company's own fleet of 23 dry cargo vessels, Navious Partners said on Tuesday.

The Navios Harmony has been chartered out to a high quality counterparty for four to six months at a rate of $14,725 net per day. The vessel is expected to generate approximately $1.5 million aggregate EBITDA for the period of this charter assuming operating expense approximating current operating costs.

Navios Partners has contracted 99.7% and 52.5% of its available days on a charter-out basis for 2013 and 2014, respectively.

Navios Maritime Partners L.P. (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels.