Navios Maritime Acquisition Takes Delivery of New VLCC

Tanker operator Navios Maritime Acquisition Corporation has announced the delivery of the Baghdad, a new building VLCC of 313,433 dwt.

Navios Maritime Acquisition said that the VLCC was delivered on October 28, 2020, from a Japanese shipyard. According to VesselsValue, the VLCC was built by Japan's Imabari Shipbuilding.

"The Baghdad has been chartered out to a high-quality counterparty for a ten-year period at a bareboat rate of $27,816 (net) per day.  The charter party has an option for an additional five-year period at a bareboat rate of $29,751 (net) per day," the Greek shipowner Navios Maritime Acquisition Corporation said in a statement.

It did not say who the client was, however, images of the vessel found online show AISSOT written on the hull of the VLCC. AISSOT is a shipping and petroleum trading company with main offices in the Republic of Iraq and the United Arab Emirates.