Navios Maritime Acquisition Corporation Announces Delivery of One
MR2 Product Tanker With Employment and Sale of One VLCC

Monaco - 7 May 2014

Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE: NNA), an owner and operator of tanker vessels, announced that the Nave Jupiter, a new building MR2 product tanker of 49,999 dwt, was delivered today from a South Korean shipyard.

The Nave Jupiter has been chartered-out for two years to a high quality counterparty at a base rate of $14,319 per day (net) plus 50% profit sharing. The charterer has been granted an option for an additional year at a base rate of $15,306 (net) per day plus 50% profit sharing.

The Nave Jupiter is expected to generate an annual base EBITDA of $2.8 million and an aggregate base EBITDA of $5.7 million, assuming operating expense approximating current operating costs and 360 revenue days per year.

Navios Acquisition also announced that the Shinyo Splendor, a 306,474 dwt VLCC built in 1993, was sold for a net sale price of $19.2 million.


The 1993-built VLCC Shinyo Splendor

Fleet Update
Following the delivery and sale, Navios Acquisition has 36 vessels in the water as follows: 23 product tankers, four chemical tankers and nine VLCCs.

Navios Acquisition has contracted 90.2% and 46.2% of its available days on a charter-out basis for 2014 and 2015, respectively.

The average charter-out period of Navios Acquisition's fleet is 1.9 years.

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.

Navios Maritime Acquisition Corporation press release