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2018 June 17   18:32

Navios Maritime Partners announces sale of containership and options to sell four additional containerships

Maritime Partners L.P., an international owner and operator of  container and dry bulk vessels, has agreed to sell the Hyundai Hongkong, a 2006 - built, 6,800  TEU  containership for a total net sale price of $ 36.0 million to Navios Maritime  Containers Inc. 

The  vessel is expected to be  delivered to Navios Containers  in the  third quarter of 2018. Navios  Partners also granted options to  Navios Containers to acquire four additional 2006 - built, 6,800 TEU  containerships  (the Hyundai Singapore, the Hyundai Busan, the  Hyundai Shanghai and the Hyundai Tokyo) for a purchase price of  $36.0 million per  vessel. Each of the four vessels are sister ships to the Hyundai Hongkong  and have  the  same  time charter employment in place.

The acquisition is  subject to  certain conditions.  The transaction was unanimously approved by the Conflicts Committee of the Board of  Directors of Navios Partners. Following  the above mentioned sale of one containership ,  Navios Partners  controls a  fleet of  37  vessels, of which  13  are Capesize vessels, 17 are Panamaxes, three  are Ultra - Handymaxes and four are container vessels. 

About Navios Maritime Partners L.P.

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

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