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New York-listed Navios Maritime Partners has confirmed the recently reported sale of its 15-year-old panamax boxship, achieving a tripling of its original investment in the S&P market alone.
The Angeliki Frangou-led company said it had offloaded the 2009 Jiangsu New Yangzijiang-built 4,250 teu Navios Tempo for $35.5m after purchasing the unit in 2017 for just $10.3m from V Ships Hamburg.
The vessel is currently on charter to Danish carrier Maersk and is expected to join Swiss-based liner MSC’s owned fleet during the second quarter of this year.
Brokers pegged the deal in May as high as $38.5m, noting also that the vessel was dry docked and passed its special survey in January.
Navios Partners counts more than 50 containerships on a fully delivered basis that go along with nearly 70 bulkers and 56 tanker vessels, including 17 newbuildings. Earlier this year, the company also sold the 2,741 teu 2007-built Protostar N with charter to Hapag-Lloyd attached for a reported $20.5m , after taking over the vessel in 2019 for $11.7m from Navios Europe.
The post Navios locks in triple return on boxship flip appeared first on Energy News Beat.
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