The newest additions to Navios Maritime Partners’ fleetof bulkers will generate profits despite lacklustre charter rates, according tochief executive Angeliki Frangou.
In the New York-listed owner's second quarterconference call Frangou told analysts that the 77,000-dwt Navios Helios(ex-Ocean Breeze, built 2005) and 57,300-dwt Navios Soleil (built 2009), which cost$41.5m in total, will breakeven at levels of approximately $8,900 per day.
Since the panamax camewith a contract that will run through September 2013 at a daily rate of $9,738per day with profit sharing and the handymax is pulling in $13,300 throughNovember the vessels are already making a positive contribution to earnings,she explained.
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