The Panamax vessel, which weighs approximately 87 000 DWT is to be purchased by Navios Maritime Partners for US$12.95 million.

Following this acquisition, Navios Maritime Partners will control 40 vessels.

Based on the current rate environment (Clarksons’ 1-year time charter rate for Panamax vessels as of 2 March 2018), the vessel is expected to generate approximately US$3.2 million of annual EBITDA, assuming operating expenses approximating current operating costs and 365 revenue and cost days.