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. Frontline bags resales as second DHT bid fails

    John Fredriksen-led owner picks up attractively priced VLCC pair as NYSE-listed rival rejects second offer.

  2. Odfjell notches first point on Compass growth project

    Norwegian owner takes pair of newbuildings in Japan on long-term charter contracts.

  3. V.Group enters Russian market with VLCC deal

    Tanker will be the first Russian flagged vessel under group's full technical management.