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of One Panamax Vessel Monaco, January 21, 2014 Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM) an owner and operator of dry cargo vessels, announced today that the Navios Sun, a 2005-built panamax vessel of 76,619 dwt, was delivered to Navios Partners' owned fleet on January 17, 2014. The Navios Sun has been chartered out to a high quality counterparty for 12 to 14 months at a rate of $13,063 net per day. The vessel is expected to generate approximately $3.3 million aggregate EBITDA for the period of this charter assuming current operating costs. Fleet Update Following the delivery of the Navios Sun, Navios Partners has 30 vessels in the water. Navios Partners has contracted 70.0% 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 |
