• 2018 March 13 12:02

    Navios Maritime Partners announces distribution policy and agreement to acquire 2005 - built Panamax

    Navios Maritime Partners L.P., an owner and operator of drybulk and  container vessels, announced that its board of  directors has adopted a distribution policy of $0.08 per common unit annually, the company said in its press release. Navios Partners also announced that it agreed to acquire a 2005 - built Panamax Vessel for  $12.95 million, with delivery expected in March 2018.

    Distribution Policy Navios Partners announced its board of directors has adopted a dis tribution policy under which it intends to declare quarterly cash distribution in the amount of $0.02 per unit, or $0.08 annually. Based on its current capitalization, Navios Partners expects to distribute approximately $3.4 million quarterly  and $13.7 million annually. The first quarterly distribution of $0.02 per unit for the first quarter of 2018  will be payable on May 14, 2018 to all unit holders of record on May 10, 2018.

    Navios Partners will review its distribution policy regularly, and future distributions will be at the discretion of the board of directors after taking into account Navios Partners’ cash flow, earnings,  financial position, among other relevant matters.

    Navios Partners agreed to acquire a 2005 - built Panamax vessel, of  approximately 87,000 dwt, for $12.95 million. The vessel is expected to be delivered to Navios Partners' owned fleet in March 2018.  Based on the current rate environment (Clarksons’ 1 - year time charter rate for Panamax vessels as of  March 2, 2018), the vessel is expected to generate approximately $3.2 million of annual EBITDA, assuming operating expenses approximating current operating costs and 365 revenue and cost days. Navios Partners is expected to finance the acquisition with cash on its balance sheet  and bank debt at  terms similar to its existing banking facilities. Following this acquisition, Navios Partners controls 40 vessels.




2018 September 20

21:17 Expert says production declines and geopolitical unrest may push bunker prices up
18:02 SITC holds naming & delivery ceremony for M/V “SITC TOYOHASHI”
17:54 Sovcomflot participates in Eastern Economic Forum’s business programme
17:30 Kurt Bodewig appointed as new European Coordinator for Motorways of the Sea
17:07 Port of Singapore holds annual multi-agency ferry emergency exercise
16:46 IAPH regional conference sets pan-African ports agenda
16:25 UAE to host Dubai Marine Insurance Conference 2018 on November 20-21
16:07 Governments of New Zealand and Australian announce fumigation requirement for import cargos
15:48 Sovcomflot is a Partner of the Second Conference “LNG Fleet and LNG Bunkering in Russia”
15:32 NYK product tanker rescues 28 fishermen off the coast of Colombia
15:04 CMA CGM announces GRR from Asia to West Africa
14:56 Admiralteiskie Verfi launches the Kronshtadt, diesel-electric submarine of Project 677
14:32 DNV GL releases autonomous and remotely operated ship guideline (UPDATE)
14:04 Port of Long Beach awarded $4.2 mln security grant
13:32 ABS supports innovative yacht design with dedicated guidance notes and software
13:20 Finnish Transport Agency: international seaborne transport volumes show significant boost
13:04 Port of Antwerp works on structural solutions to improve mobility
12:43 Arctic group of RF Navy’s Northern Fleet enters Chukchi Sea through Bering Strait
12:30 Wison receives AiP from LR for 300MW FSRP
12:04 Port of Rotterdam and Rönesans Holding sign agreement for petrochemical industrial zone in Turkey
11:49 IMO to start consideration of legal framework for low-flashpoint diesel
11:30 Gulftainer signs 50-year, $600 million concession to operate and expand Port of Wilmington in Delaware, USA
11:18 Fuel oil prices are going up the Far East ports of Russia (graph)
11:04 Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future
10:55 IMO takes important step to facilitate use of methanol
10:30 HHI receives AiP from LR for a VLGC design capable of using LPG as fuel
10:19 Brent Crude futures price up 0.3% to $79.64, Light Sweet Crude – up 0.61% to $71.2
10:03 OpenIJ starts sinking operation of the lock gate chamber at the Port of Amsterdam
09:50 Passenger Port of Saint-Petersburg ("Marine Façade") welcomed MSC Meraviglia
09:34 CMA CGM announces GRR from India to East Africa
09:17 Baltic Dry Index is up to 1,373 points
09:03 Port of Rotterdam organises information meeting about the replacement of Maaskade quay wall
08:34 DNV GL launches revised design standard and new certification guideline for floating wind turbines
08:04 ABS issues AIP for Jiangnan’s LNG Jumbo

2018 September 19

18:10 Significant reserve growth confirmed at the Utrenneye field
17:53 Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future
17:35 Rolls-Royce launches new range of powerful medium speed V-Engines
17:05 Sembcorp Marine, ABS and A*STAR’s Institute of High Performance Computing team up to develop new gas technologies in offshore, marine and energy sectors
16:35 Valenciaport presents its cruise offer in Lisbon under the slogan “Valencia dresses in green”
16:16 Vladimir Panchenko dredger built for Lena Basin is put into operation
16:04 MOL launches new large-scale ferry Sunflower Kirishima
15:47 Freeport of Riga Authority begins active cooperation with its Chinese partners
15:23 Vancouver Fraser Port Authority joins leading port authorities in climate action program
15:04 DFDS to invest DKK 300m to install scrubbers on 12 freight ferries deployed on freight routes in the Mediterranean
14:50 Maersk to combine Damco’s Supply Chain Services and Maersk Line’s Ocean Product on January 1st, 2019
14:22 NOVATEK and Fluxys apply for establishment of a joint venture in Rostock, Germany
14:08 Stevedoring unions announce a strike in the ports of Leixoes and Lisbon
13:08 Noble Group completes the sale of the Panacore vessels
12:47 Bunker prices are going down at the Port of Saint-Petersburg, Russia (graph)
12:29 Nevsky Shipyard took part in II International Fishery Forum and Expo 2018
12:07 ABS holds seminar series exploring gas as marine fuel
11:50 Azerbaijan Caspian Shipping Company has it towing and supply vessel Nercha overhauled at Bibiheybat shipyard
11:25 Klaipeda Seaport takes part in exhibition and conference in Kazakhstan
11:07 San Pedro Bay Ports ready cleaner truck rules for Oct. 1 2018
10:46 Record number of ships registered at Freeport of Riga in August
10:28 Container throughput of port Hong Kong (China) down 4.3% to 13.15 million TEUs in Jan-Aug’18
10:07 Austal awarded littoral combat ships 32 & 34
09:43 Brent Crude futures price down 0.06% to $78.98, Light Sweet Crude – down 0.03% to $69.57
09:19 Baltic Dry Index is down to 1,356 points
09:05 Port of Oakland to add electric trucks thanks to state grant