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Navios Partners operates 25 vessels with a carrying capacity of 2,659,512 dwt and an average age of 6.5 years on a dwt basis. The vessels are chartered out for an average of 3.0 years to highly rated counter parties. Long-term contracts are insured by an AA rated Insurance Company in the EU and the sponsor, Navios Maritime Holdings Inc.
Navios MLP's core fleet of owned and long-term chartered-in vessels is listed in the table below.
Select a vessel for details.
| Vessels |
Type |
Built |
DWT |
Charter Rate ($)
1 |
Expiration Date
2 |
|
| Owned Vessels |
| Navios Apollon |
Ultra-Handymax |
2000 |
52,073 |
13,500 9 |
02/16/2014 |
|
| Navios Soleil |
Ultra-Handymax |
2009 |
57,337 |
8,906 |
12/23/2013 |
|
| Navios TBN I |
Ultra-Handymax |
2014 |
61000 |
|
Expected Delivery Q1 2013 |
|
| Navios Gemini S |
Panamax |
1994 |
68,636 |
24,225 |
2/8/2014 |
|
| Navios Libra II |
Panamax |
1995 |
70,136 |
12,000 9 |
9/17/2015 |
|
| Navios Felicity |
Panamax |
1997 |
73,867 |
26,169 |
5/11/2013 |
|
| Navios Galaxy I |
Panamax |
2001 |
74,195 |
21,937 |
2/3/2018 |
|
| Navios Hyperion |
Panamax |
2004 |
75,707 |
37,953 |
4/1/2014 |
|
| Navios Alegria |
Panamax |
2004 |
76,466 |
16,984 3 |
2/25/2014 |
|
| Navios Orbiter |
Panamax |
2004 |
76,602 |
38,052 |
04/01/2014 |
|
| Navios Hope |
Panamax |
2005 |
75,397 |
17,562 |
8/16/2013 |
|
| Navios Helios |
Panamax |
2005 |
77,075 |
9,738 |
9/27/2013 |
|
| Navios Sagittarius |
Panamax |
2006 |
75,756 |
26,125 |
11/19/2018 |
|
| Navios TBN II |
Panamax |
2006 |
75,756 |
|
Expected Delivery Q4 2013 |
|
| Navios TBN III |
Panamax |
2005 |
82,790 |
|
Expected Delivery Q4 2014 |
|
| Navios Fantastiks |
Capesize |
2005 |
180,265 |
14,678 7 |
3/31/2014 |
|
| Navios Aurora II |
Capesize |
2009 |
169,031 |
41,325 |
11/24/2019 |
|
| Navios Pollux |
Capesize |
2009 |
180,727 |
42,250 |
7/24/2019 |
|
| Navios Fulvia |
Capesize |
2010 |
179,263 |
50,588 |
9/30/2015 |
|
| Navios Melodia 5 |
Capesize |
2010 |
179,132 |
29,356 4 |
9/19/2022 |
|
| Navios Luz |
Capesize |
2010 |
179,144 |
29,356 6 |
11/16/2020 |
|
| Navios Buena Ventura |
Capesize |
2010 |
179,259 |
29,356 6 |
10/28/2020 |
|
| Navios TBN IV |
Capesize |
2013 |
180,000 |
|
Expected Delivery Q4 2013 |
|
| Total - 23 Vessels |
|
|
2,499,614 |
|
|
|
| |
| Vessels |
Type |
Built |
DWT |
Charter-Out Rate ($)
1 |
Expiration Date
2 |
Purchase Option |
| Long-Term Chartered-In Vessels |
| Navios Prosperity |
Panamax |
2007 |
82,535 |
12,000 8 |
6/1/2013 |
Yes |
| Navios Aldebaran |
Panamax |
2008 |
76,500 |
14,725 |
5/13/2013 |
Yes |
| Total - 2 Vessels |
|
|
159,035 |
|
|
|
| |
| Total Fleet - 25 Vessels |
|
|
2,658,649 |
|
|
|
1 Daily charter-out rate net of commissions. These rates do not include insurance proceeds received up front in December 2012.
2 Assumed midpoint of redelivery by charterers.
3 Profit sharing 50% above $16,984/day based on Baltic Panamax TC Average.
4 Profit sharing 50% above $37,500/day based on Baltic Exchange Capesize TC Average.
5 In January 2011, Korea Line Corporation ("KLC") filed for receivership. The charter was affirmed and will be preformed by KLC on its original terms provided that during an iterim suspension period the sub-charterer pays us directly.
6 Profit sharing 50% above $38,500/day based on Baltic Exchange Capesize TC Average.
7 Amount represents daily rate of mitigation proceeds following the default of the original charterer.
8 Profit sharing: The owners will receive 100% of the first $1,500 in profits above the base rate and thereafter all profits will be split 50% to each party.
9 Profit Sharing 50% on actual results above the base rates.
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