Frangou: Navios Partners adds three VLCCs and capesize to fleet worth $431.6m

Greek Navios Maritime Partners led-by Angeliki Frangou stays active with more additions to its fleet, as the shipowner agreed to acquire three newbuilding scrubber-fitted VLCC tankers and a Japanese newbuilding scrubber-fitted capesize vessel at a total cost of $431.6mfor the four newbuilding vessels.

Navios Partners agreed to buy three newbuilding scrubber-fitted VLCC tankers from an unrelated third party for an aggregate purchase price of $361.5m. The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2028 and in 2029. The closing of the transactions is subject to completion of customary documentation.

The company’s total investment in newbuilding VLCC tankers amounts to $843.5m, including four vessels previously announced by Navios Partners.

Navios said the seven vessels, including one vessel that is currently under advanced discussions with a charterer, have been chartered-out for an average firm period of 6.1 years at an average rate of $45,224 net