The vessels are expected to be delivered to Navios Partners' owned fleet in June and July 2017.
The two vessels are expected to generate approximately $4.6 million of annual EBITDA based on current rate environment (Clarkson’s 1-year timecharter rate for panamaxes as of 31 March 2017), assuming operating expenses approximating current operating costs and 360 revenue days.
Navios Partners is expected to finance the acquisition with cash on its balance sheet and bank debt on terms consistent with its existing credit facilities.
