Navios Maritime Acquisition Reports Time Charter for Two MR2 Product Tankers

Navios Maritime Acquisition Corporation ("Navios Acquisition")

, an owner and operator of tanker vessels, announced today that the Nave Equinox and the Nave Pulsar have been chartered out to a quality counterparty for six months at a rate of $13,331 net per day plus profit sharing based on a formula which incorporates a premium when vessels are trading in ice. Charterer has been granted an option for an additional six months at same terms. The vessels are expected to generate approximately $2.5 million of aggregate base EBITDA for the period of this charter assuming operating expense approximating current operating costs. Fleet Update Navios Acquisition has contracted 96.7% and 64.0% of its available days on a charter-out basis for 2013 and 2014, respectively. The average charter-out period of Navios Acquisition's fleet is 2.3 years.