Navios Maritime Partners is buying the 36-vessel dry bulk fleet from parent Navios Maritime Holdings for $835m, including the assumption of $441.6m of bank liabilities, bareboat obligations and finance leasing obligations.

The 36-vessel dry bulk fleet consists of 26 owned vessels and 10 chartered-in vessels all with purchase options with a total capacity of 3.9m dwt and an average age of 9.6 years. The additions propel Navios Partners to become the second largest fleet of US publicly traded companies.

Navios Partners said the move was part of a migration path to a younger, more carbon efficient fleet supported by opportunistically selling older, less carbon efficient vessels.

Following the completion of the transaction, Navios Partners will own and operate a fleet of 90 drybulk vessels, 49 containerships and 49 tankers, including 22 newbuilding vessels to be delivered through the first quarter of 2025.

Angeliki Frangou is in charge of the Navios empire. She has spent this year bolstering Navios Partners, which has seen Navios Maritime Containers and Navios Maritime Acquisition Company folded into her flagship company.

Source: https://splash247.com/navios-partners-takes-36-bulkers-from-parent-for-835m/