Navios Maritime Partners L.P Announces Delivery of Two Container Vessels

Monaco, December 9, 2013

Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM) an owner and operator of dry cargo vessels, announced today that the Hyundai Singapore and the Hyundai Hong Kong, both 2006-built container vessels of 6,800 TEU, were delivered to Navios Partners' owned fleet on December 4, 2013.

The Hyundai Singapore and the Hyundai Hong Kong have been chartered out to an investment grade counterparty for ten years (with Navios Partners' option to terminate after year seven), at a rate of $30,150 net per day per vessel. The two vessels are expected to generate approximately $15.9 million annual EBITDA and $155.3 million aggregate EBITDA for the ten years of the charter period. EBITDA estimates assume expenses approximating current operating costs and 360 revenue days per year.



Fleet Update
Following the delivery of the two vessels, Navios Partners has 25 vessels in the water and five to be delivered by Q1 2014.

Navios Partners has contracted 60.5% of its available days on a charter-out basis for 2014.

About Navios Maritime Partners L.P.
Navios Partners (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels. For more information, please visit our website at www.navios-mlp.com.

Navios Maritime Partners L.P. press release