Navios Maritime Corp Announces 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 an investment grade counterparty for one year at a rate of $14,813 net per day plus a $2,000 per day premium when vessels are trading in ice. The vessels are expected to generate approximately $6.0 million of aggregate base EBITDA for the period of this charter assuming operating expense approximating current operating costs. Fleet Update Navios Acquisition has contracted 88.8% and 45.1% of its available days on a charter-out basis for 2014 and 2015, respectively.