Navios Maritime Acquisition Corporation Announces Delivery and Time Charter for One LR1 Product Tanker

Navios Maritime Acquisition Corporation NNA, an owner and operator of tanker vessels, announced today that the LR1 Product Tanker Nave Andromeda of 75,000 dwt was delivered from a South Korean shipyard and immediately began a 3-year charter-out with two one-year options at a net rate of $11,850 for the first three years with 100% profit sharing for rates below $15,000/day and 50/50 above $15,000/day. The profit sharing formula is calculated monthly and incorporates a $2,000 premium above the relevant index.