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Navios Acquisition announces delivery of one LR1 tanker vessel with one year employment

Navios Maritime Acquisition announced that the Nave Atropos, a newbuilding LR1 product tanker vessel of 74,695 dwt, was delivered from a South Korean shipyard. Nave Atropos has been chartered out to a high quality counterparty for one year at a rate of $11,850 net per day plus 50% profit sharing based on a formula. The charterer has been granted an option for an additional six months at the same rate. The vessel will generate a total base EBITDA of approximately $1.6M, assuming operating expense approximating current operating costs and 360 revenue days per year.