Navios Maritime Acquisition Corporation Announces Fleet Update

Navios Maritime Acquisition Corporation ("Navios Acquisition")

, an owner and operator of tanker vessels, announced today that is has chartered out one VLCC and two MR2 product tankers. The Nave Galactic, a 2009-built VLCC, has been chartered out to a high quality counterparty for one year at a rate based on the BITR TD3-TCE index. Navios Acquisition will receive 100% of the index rate up to $39,500 net per day and 50% of any amount in excess of $39,500 net per day. The contract provides a minimum rate of $29,625 net per day. The Nave Equinox, a 2007-built MR2 product tanker, has been chartered out to a high quality counterparty for one year at a rate of $15,650 net per day plus an ice-transit premium of $1,900 per day. The vessel is expected to generate approximately $3.2 million of base EBITDA for the period of this charter assuming operating expense approximating current operating costs. The Nave Pulsar, a 2007-built MR2 product tanker, has been chartered out to a high quality counterparty for one year at a rate of $15,553 net per day plus an ice-transit premium of $1,975 per day. The vessel is expected to generate approximately $3.2 million of base EBITDA for the period of this charter assuming operating expense approximating current operating costs. Fleet Update Navios Acquisition has 39 vessels in the water of which eight are VLCCs, 27 are product tankers and four are chemical tankers. Navios Acquisition has contracted 86% of its available days for 2015.