World Maritime News – Page 163

Navios Acquisition Agrees Sale and Leaseback for 10 Ships

The transactions are expected to reduce Navios Acquisition’s debt by USD 33.4 million or 3% of outstanding debt.

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The company would contribute 519,000 TEU in ships to the network, Alphaliner cited HMM’s earlier revealed plans.

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On August 20, the company confirmed it received a financing letter from an undisclosed bank in relation to the loan.

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The new 174,000 cbm unit is scheduled for delivery by the fourth quarter of 2021.

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Recovering freight rates saw a partial decrease in H1 2019, while bunker prices remained highly volatile.

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