Navios Maritime Acquisition Corporation Announces Delivery of an LR1 Product Tanker

PIRAEUS, GREECE, Jan 23, 2012

Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE: NNA), an owner and operator of tanker vessels, announced today that the Nave Estella, an LR1 Product Tanker of 75,000 dwt, was delivered on January 20, 2012 from a South Korean shipyard.

The Nave Estella has commenced a 3-year charter-out at a net rate of $11,850 with 90%/10% profit sharing for rates up to $15,000/day and 50/50 above $15,000/day. The profit sharing formula is calculated monthly and incorporates a $2,000 premium above the relevant index. The charterer was also given two one-year options at a net rate of $11,850/day plus 90%/10% profit sharing for rates up to $16,000 and 50%/50% for rates above $16,000 for the first year and $11,850/day plus 90%/10% profit sharing for rates up to $17,000 and 50%/50% for rates above $17,000 for the second year.

The Nave Estella is expected to generate approximately $1.6 million annual base EBITDA and $4.8 million of aggregate base EBITDA, assuming operating expense approximating current operating costs and 360 revenue days per year.

About Navios Maritime Acquisition Corporation Navios Acquisition (NYSE: NNA) is an owner and operator of tanker vessels focusing in the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. For more information about Navios Acquisition, please visit our website: www.navios-acquisition.com.

Source: Navios Maritime Acquisition Corporation