Greek Navios Maritime Partners led-by Angeliki Frangou stays active with more additions to its fleet, as the owner took delivery in January and April of two newbuild aframax/LR2 tankers, which have been chartered-out at an average rate of $26,349 net per day for a period of five years. Meanwhile, the shipowner reported in its financial results for the first quarter revenue $304.1m, net income $41.7m and EBITDA $147.6m. In addition, earnings per common unit stood at $1.38 for the Q1 2025.
Angeliki Frangou also agreed to sell in February and March one 2006-built panamax, one 2005-built panamax and one 2007-built 2,741 TEU containership to unrelated third parties, for aggregate gross sale proceeds of $34.7m.
The sales of the 2005-built panamax and the 2006-built panamax were completed in March and April, respectively, and the sale of the 2,741 TEU containership is expected to be completed in the second quarter of 2025.
Meanwhile, the shipowner as of April 28 had entered into short, medium and long-term time charter-out, bareboat-out and freight deals for its vessels with a remaining average term of 2.1 years.
New York-listed owner and operator of dry cargo and tanker vessels Navios Partners Navios said it has currently fixed 66.3% and 43.4% of its available days for the last nine months of 2025 and for all of 2026, respectively. Navios Partners expects contracted revenue of $714.1m and $719.1m for the last nine months of 2025 and for all of 2026, respectively.
According to Navios Partners, the average expected daily charter-out rate for the fleet is $25,703 and $28,407 for the last nine months of 2025 and for all of 2026, respectively. Navios Partners has $3.4bn contracted revenue through 2037.
Angeliki Frangou, chairwoman and CEO of Navios Partners, said, “I am pleased with the results for the first quarter of 2025, in which we reported revenue of $304.1 million, EBITDA of $147.6 million and net income of $41.7 million. In addition, earnings per common unit were $1.38 for the quarter.”
Angeliki Frangou continued, “The economic environment over the past month has been particularly uncertain, with the global expectations being driven by the unprecedented U.S. tariff proclamation, followed by revisions, pauses, and exceptions.
“In response, sentiment turned bearish, and the U.S. and other financial markets experienced extraordinary volatility, with the U.S. financial markets recovering only last week to the pre-tariff announcement levels. As the U.S. administration maneuvers toward a tariff regime furthering its policy aspirations, a faint outline is starting to emerge.
“It appears the potential impact on maritime transportation may be more muted than feared, although extreme outcomes are still possible.”
The company owns and operates a fleet comprised of 69 dry bulk vessels, 49 containerships and 56 tankers, that includes 17 newbuilding tankers (11 aframax/LR2 and six MR2 product tanker chartered-in vessels under bareboat contracts), that are expected to be delivered through the first half of 2028, and four 7,900 TEU newbuilding containerships, that are expected to be delivered through the first half of 2027.
The fleet excludes one containership agreed to be sold.
