Navios Containers Acquires 3 Container Ships

- May 09, 2018-

Monaco's Navios Maritime Containers announced that it has agreed to acquire three container ships for US$117.25 million. glenflange


The company said it will acquire two 8204TEU container ships for the price of US$67 million, namely “YM Utmost” and “YM Unity” respectively. The two vessels are currently fulfilling their leases at a daily cost of 34,266 U.S. dollars. The leases are for August 2018 and October 2018 respectively. welding overlay flange


The third vessel the company acquired was a 10,000 TEU container ship with a transaction amount of 50.25 million US dollars. The ship is currently also performing a lease with a daily rental of $26,663 for a lease period ending in March 2019.


According to sources, the three container ships are expected to join the Navios Containers fleet in the second quarter of 2018, increasing their fleet to 25 vessels with a total capacity of 119,538TEU, with an average age of 10.1 years. pipe fittings


Based on its current rental price and market freight rates, the three container ships are expected to receive a pre-tax depreciation and amortization profit of $18.7 million over the next 12 months.


Navios Containers stated that the company will pay for the cost of the three vessels based on the increase in cash on the balance sheet and about $61 million in new bank debt. ANSI flange


In addition, the company also stated that in March 2018, the company had signed a lease agreement with a Chinese agency worth US$119 million to refinance the credit facilities due in the fourth quarter of 2019. In the final agreement, the company will be obliged to repurchase the vessel for $59.5 million before the end of the fifth year of the lease.