The Navios group logo is displayed at the New York Stock Exchange.

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.


  1. Steen takes the chair at Euronav

    Peter Livanos and Marc Saverys step down as tanker owner seeks to diversify board after US listing.

  2. Scorpio drops MR options

    US-listed owner says Mipo tanker quartet will not be built as it seals $36m loan to refinance LR2.

  3. Frontline returns as merger is approved

    John Fredriksen’s plans to bring together his two tanker companies get shareholders’ green light.