Navios Announces Panamax Vessel Delivery

Navios Maritime Partners L.P., an owner and operator of dry cargo vessels, has announced  that the Navios Sun, a 2005-built panamax vessel of 76,619 dwt, was delivered to Navios Partners' owned fleet on January 17, 2014.

The Navios Sun has been chartered out to a high quality counterparty for 12-14 months at a rate of $13,063 net per day. The vessel is expected to generate approximately $3.3 million aggregate EBITDA for the period of this charter assuming current operating costs.

Fleet Update
Following the delivery of the Navios Sun, Navios Partners has all its vessels in the water.

Navios Partners has contracted 70% of its available days on a charter-out basis for 2014.