Angeliki Frangou’s Navios Maritime Partners has secured long-term charters worth $690m for 10 midsize containerships.

The deals include five-year charters for six 5,300-teu newbuildings to be built at China’s Zhoushan Changhong International Shipyard.

The wide-beam vessels have been fixed for 60 to 64 months at $37,050 per day. This sum is estimated to earn Navios around $405m.

Speaking on a conference call, Frangou said the investment in wide-beam containerships had proved a “great opportunity”.