Market Overview

Navios Maritime Acquisition Corporation Announces Extension of Time Charter for Two Chemical Tankers; Fleet Coverage of 94.3% for 2012 and 63.1% for 2013


Navios Maritime Acquisition Corporation (NYSE: NNA) announced today that it has agreed to extend the existing charters on the Chemical Tankers Nave Cosmos and Nave Polaris for an additional six-month period ending in Q1 2013. The charterer has also been granted an option to extend the contract for an additional 6-month period, but at an increased rate of $12,188 net per day with 40% profit sharing.

Navios Acquisition has contracted 94.3% and 63.1% of its available days on a charter-out basis for 2012 and 2013, respectively.

The average charter-out period of Navios Acquisition's fleet is 3.4 years.

Posted-In: News Contracts


Related Articles (NNA)

View Comments and Join the Discussion!

Partner Center