Rickmers Maritime’s Entire Fleet Acquired

 21 Apr 2017     Carriers, Global Economy/Trade, Shipping

Navios Maritime Partners, an international owner and operator of drybulk and container vessels, has agreed to acquire the entire container fleet of Rickmers Maritime for about US$113.0 million.

The Fleet consists of 14 container vessels, 11 of which are 4,250 TEU vessels and three of which are 3,450 TEU vessels.

The average age of the Fleet is 9.5 years.

Five of the 4,250 TEU vessels are employed on charters that have staggered expirations in 2018 and early 2019 at a net daily charter rate of $26,850.

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners stated: "We are pleased to announce the agreement for the acquisition of 14 container vessels from Rickmers Maritime.  We anticipate acquiring five 4,250 TEU vessels on May 15, 2017. 

“These vessels are employed on charters that have staggered expirations in 2018 and early 2019 at a net daily charter rate of $26,850."

"Our operating platform was attractive to the Trust and its lending banks because of our disciplined technical and commercial management and favorable operating costs.

“This acquisition demonstrates our ability to source proprietary deals, and we are continuing to seek exposure to the container sector."

Rickmers Maritime wound up earlier this month after failing to make a repayment of nearly $200 million.

Image: Ships shown are not those of Navios Maritime Partners