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Navios Acquisition acquires five tankers for $144M

Navios Acquisition agreed to acquire five MR2 product tankers for an aggregate purchase price of approximately $143.8M. Two of the vessels are expected for delivery in June, with a purchase price for each vessel of approximately $23.2M. One of the vessels, with a price of $34.3M, is expected to be delivered in Q3. Two of the vessels have estimated deliveries in Q3 and Q4 2014, with a purchase price for each vessel of approximately $31.5M. Navios Acquisition has been granted the option to acquire two additional MR2 Eco Type product tankers.