NNA firms fixture

Navios Maritime Acquisition of Greece has secured employment for one the newest additions to its fleet of tankers.

In a statement New York-quoted operator said it fixed the 298,300-dwt Nave Neutrino (built 2003) to a “quality counterparty” that was not identified by name.

The company noted the VLCC was taken for six months at a rate that will be based on an adjusted Baltic International Tanker Routes TD3 index.

Navios Acquisition, which is led by chief executive Angeliki Frangou, also pointed out that the contract includes an option for an additional six months.

Today, VLCCs trading between the Arabian Gulf and Far East are commanding day rates of around $11,900 on average, according to Global Hunter Securities.

On Friday Compass Maritime Services, a brokerage based in the US, said 300,000-dwt tankers taken for a year are going for approximately $23,000 per day.

Navios Acquisition made TradeWinds headlines earlier this year when it purchased a 2003-built VLCC from an unaffiliated third party.

While the owner didn’t identify the ship when the deal was sealed it is widely believed to be the Venture Spirit, which used to be controlled by Wah Kwong.

TRENDING TODAY

  1. Transpetro says it's 'victim' of bribe scandal

    Petrobras tanker owning arm says it is working with courts and prosecutors after revelations by former chief executive Sergio Machado.

  2. Moody's affirms OSG rating but cuts outlook

    Tanker rates and uncertainty over spinoff plans lead credit ratings agency to change outlook from 'positive' to 'stable'.

  3. Stolt-Nielsen in $575m Jo Tankers swoop

    Oslo-listed owner buys 13 strong chemical tanker fleet and share in newbuildings from Norwegian company.