Vessel Acquisitions   -   Monaco, 13 November 2013

In November 2013, Navios Acquisition agreed to acquire three VLCC vessels, built in 2009, 2010 and 2011, respectively, for a total purchase price of $163.0 million. Navios Acquisition is expected to finance these acquisitions with cash on balance sheet and 60% bank debt on terms consistent with its existing facilities. The vessels are expected to be delivered in the first quarter of 2014.

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