Navios Maritime Containers Inc. Completes Acquisition of Containership

MONACO, March 14, 2018 (GLOBE NEWSWIRE) — Navios Maritime Containers Inc. (“Navios Containers”) (OTC:NMCI), a growth vehicle dedicated to the container sector, announced that it has taken delivery of a 2010-built, 4,250 TEU containership (the Navios Dorado) for a purchase price of $11.78 million.

The Navios Dorado has been chartered out at a daily net rate of $10,468 until April/July 2019, and is expected to generate $1.3 million of annual EBITDA, based on fixed operating expenses and 360 revenue days.

Navios Containers financed the acquisition of the vessel with cash on its balance sheet and $6.0 million of bank debt under one of its existing credit facilities.

Fleet Update

Following this acquisition, Navios Containers controls 22 vessels, totaling 93,130 TEU, with a current average fleet age of 9.9 years.

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