Navios Maritime Partners: Fleet renewal program underway

Navios Maritime Partners L.P., led by Angeliki Frangou, is accelerating its fleet renewal strategy.

The company, with a fleet of 172 ships and an estimated value of 6.2 cardinal dollars, has proceeded with income of older ships and investments successful modern, much businesslike aframax/LR2 tonnage.

In this context, the New York-listed shipping company, which successful the 2nd 4th of 2025 had contracted revenues of 3.1 cardinal dollars, completed the merchantability of three ships – including a 2010 VLCC – generating a total gross of 69.1 million, while astatine the aforesaid clip strengthening its fleet.

The two Panamax ships, built successful 2005 (77,075 and 76,619 dwt), were sold for 8.3 cardinal dollars each. Accordingly, the VLCC (296,988 dwt), built successful 2010, had a total merchantability terms of 52.5 million.

Navios Partners besides delivered a 2025-built aframax/LR2 tanker, which has been chartered astatine a nett complaint of 27,446 per time for a play of 5 years.

It is noted that successful June 2025, Navios Partners agreed to get two newbuild 115,000 dwt aframax/LR2 tankers, equipped with scrubbers, from unrelated third parties for a total acquisition terms of 133.0 million. The ships are expected to beryllium delivered to its fleet successful the archetypal fractional of 2027.

Meanwhile, Navios Maritime Partners L.P., with a BB recognition standing from Standard & Poor’s (S&P), announced that it is taking different step successful its fiscal support by engaging Norwegian concern banks to big a bid of league calls with fixed income investors starting connected October 20, 2025. This process is expected to service arsenic a precursor to a imaginable issuance of a five-year elder unsecured US dollar bond, if marketplace conditions are deemed favorable.