Navios Maritime Containers said an equity raise of $50m as part of its ongoing expansion efforts.
The boxship wing of the Navios compay issued 9.1 million of its Oslo OTC shares at a $5.50. The new cash will partially finance the acquisition of four 2008-built "baby" panamax containerships for an agreed price of $96.8m.
Navios said the ships are time chartered at a net rate of $27,156 per day for approximately three years.
