Navios Sells Handymax

Navios Maritime Holdings, a global, vertically integrated seaborne shipping and logistics company, said that it has sold its 2002-built Ultra Handymax vessel Navios Meridian.

The 50,316 dwt Navios Meridian was sold to an unnamed buyer recently for a total net sale price of USD 6.8 million.

Navios Holdings controls a fleet of 65 vessels totaling 6.6 million dwt, of which 35 are owned and 30 are chartered-in under long-term charters (collectively, the "Core Fleet"). The fleet consists of 19 Capesize, 30 Panamax, 14 Ultra-Handymax and two Handysize vessels, with an average age of 7.9 years, basis fully delivered fleet.

As of February 15, 2019, Navios Holdings has chartered-out 70.9% of available days of 2019, out of which 26.7% are chartered-out on fixed rate and 44.2% on index. The 2019 average contracted daily charter-in rate for the long-term charter-in vessels is $13,628.

The above figures do not include the fleets of Navios Logistics and Navios Containers and vessels servicing contracts of affreightment.