Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE: NNA), an owner and operator of tanker vessels, on July 21, 2014 took delivery of the Nave Electron, a 2002-built VLCC of 305,178 dwt, the Company said in a press release.
The Company also announced that the Nave Electron has been chartered out to a high quality counterparty for minimum one year at a rate based on charterer's VLCC pool earnings.
The Nave Electron has been provided as collateral under the 8.125% First Priority Ship Mortgage Notes due 2021, in place of the Nave Dorado and the Nave Lucida (MR2 product tankers). As a result, approximately $5.5 million of value has been added to the collateral package.
Following the delivery of the Nave Electron, Navios Acquisition has 38 vessels in the water of which 11 VLCCs, 23 product tankers and four chemical tankers.
About Navios Maritime Acquisition Corporation
Navios Acquisition (NYSE: NNA) is an owner and operator of tanker vessels focusing in the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.
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