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Navios Partners Buys Panamax Pair

moodys-navios-maritime-partners-outlook-at-negative-1-320x214.jpgAs informed, the 74,500 dwt ships will be bought from an unnamed party for a total purchase price of USD 22 million.

The vessels are expected to be delivered to Navios Partners’ owned fleet within Q1 2018.

Based on the existing charters of the vessels and the current rate environment, the vessels are expected to generate approximately USD 4.8 million of EBITDA for the first year, Navios Partners said.

The company is expected to finance the acquisition with cash on its balance sheet and USD 14.3 million bank debt maturing in 2023 and bearing interest at LIBOR plus 300 bps per annum.

Following the newest acquisition, Navios Partners controls a fleet of 38 vessels.

4.jpgOUCO Semi-Knuckle Boom Truck Mounted Cranes

Truck Mounted Cranes, also can be called lorry cranes, loader cranes.

The semi knuckle boom type is with great heavy duty up to 150 meter tons, which can be used in various fields of services to achieve clients’ requirements. OUCO Truck Mounted Cranes contains important industries include: construction, transport logistics, emergency services, local authorities, waste management, mining and the inspection/maintenance/cleaning of structures, buildings and large machines as well as leasing and rental business