Angeliki Frangou-led Navios Maritime Partners L.P. has confirmed the $134.3m acquisition of two Japanese newbuilding capesize vessels with scrubbers from an unrelated third party under 12-year bareboat-in contracts, the $136.5m gross sale proceeds from the sale of two VLCC tankers with an average age of 16 years, the delivery of an aframax/LR2 tanker newbuilding, and new long-term charters which are expected to generate revenue of $261m.
Acquisition of vessels
$134.3m acquisition of two Japanese newbuilding capesize vessels (with scrubbers)
In December 2025, Navios Partners agreed to acquire two Japanese newbuilding scrubber-fitted capesize vessels, from an unrelated third party, under 12-year bareboat-in contracts. Navios Partners has the option to acquire the vessels starting at the end of year four until the end of the charter period.
Assuming the exercise of the option at the end of the 12-year period, the bareboat agreements reflect an aggregate implied purchase price of approximately $134.3m and an implied effective interest rate of about 6.0%.
The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2028 and the first quarter of 2029. The closing of the transaction is subject to completion of customary documentation.
The vessels have been chartered-out for a period of about five years at an average floor rate of approximately $25,000 per day, with 50% profit sharing above the floor rate calculated based on C5TC 182 index plus an average fixed premium of around $3,000 per day.
Sale of vessels
$136.5m gross sale proceeds from the sale of two VLCC tankers with an average age of 16 years
In January 2026, Navios Partners agreed to sell a 2009-built VLCC tanker of 296,945-dwt and a 2011-built VLCC tanker of 297,491-dwt, to an unrelated third party, for an aggregate gross sale price of $136.5m. The sales are expected to be completed in the second quarter of 2026.
One newbuilding aframax/LR2 tanker delivered
In February 2026, Navios Partners took delivery of a 2026-built aframax/ LR2 scrubber-fitted tanker of 116,998 dwt, which has been chartered-out at a rate of $27,431 net per day for a period of approximately five years.
$261m contracted revenue agreed; $3.8bln total contracted revenue
Navios Partners has entered into new long-term charters which are expected to generate revenue of $261m.
Five containerships have been chartered-out for an average period of 1.8 years at an average rate of $29,572 net per day.
Three dry bulk vessels have been chartered-out for an average period of 3.6 years at an average rate of $23,974 net per day (assuming floor rate on two newbuilding vessels).
Three tankers have been chartered-out for an average period of two years at an average rate of $31,944 net per day.
Including the above long-term charters, Navios Partners has $3.8bln contracted revenue through 2037.
Navios Partners Fleet
Navios Partners owns and operates a fleet comprised of 67 dry bulk vessels, 51 containerships and 53 tankers, including 16 newbuilding tankers (11 aframax/LR2 and five MR2 product tanker chartered-in vessels under bareboat contracts) that are expected to be delivered through the first half of 2028, eight newbuilding containerships (four 7,900 TEU containerships and four 8,850 TEU containerships) that are expected to be delivered through the first half of 2028 and two newbuilding capesize vessels (chartered-in vessels under bareboat contracts) that are expected to be delivered in the second half of 2028 and the first quarter of 2029.
The fleet excludes one containership and two VLCC tankers that have been agreed to be sold.
As of February 12, 2026, Navios Partners had entered into short, medium and long-term time charter-out, bareboat-out and freight voyage agreements for its vessels with a remaining average term of 2.1 years.
Navios Partners has currently fixed 71.4% and 43.2% of its available days for 2026 and 2027, respectively.
The company expects contracted revenue of $1,043.1m and $760.4m for 2026 and 2027, respectively.
The average expected daily charter-out rate for the fleet is $26,865 and $29,898 for 2026 and 2027, respectively.
