Navios Acquisition Charters-Out VLCC Nave Galactic

The Nave Quasar, a 2010-built VLCC of 297,376 dwt has been chartered out to a high quality counterparty for one year at a base rate of $20,475 (net) per day plus 50% profit sharing in excess of $24,375 (net) per day. The charterer has been granted an option for an additional year at a base rate of $25,350 (net) per day plus 50% profit sharing in excess of $29,250 (net) per day.
The Nave Buena Suerte, a 2011-built VLCC of 297,491 dwt, has been chartered out to a high quality counter party for minimum one year at a rate based on charterers VLCC pool earnings.
Navios Acquisition has contracted 83.9% and 44.2% of its available days on a charter-out basis for 2014 and 2015, respectively.
The average charter-out period of Navios Acquisitions fleet is 2.0 years.
Navios Acquisition, February 6, 2014; Image: Shipspotting