The chairwoman and CEO of Navios Maritime Partners L.P. said Thursday that the resolution of the conflicts in Ukraine and the Middle East may involve significant sanctions on oil-producing nations, materially impacting world trade.
Angeliki Frangou added that since the pandemic, the markets have been driven primarily by geopolitical events and conflicts in Ukraine and the Middle East.
“We don’t know how these conflicts will be resolved,” she says. “We also don’t know the extent to which nations will be subject to continuing or even expanded sanctions.”
As far as the recent tariffs implemented by US president Donald Trump, Frangou commented: “The U.S. administration has been vocal about its new tariff scheme but has not yet provided a complete roadmap. We cannot now fully understand the impact on global trade until this develops further.”
In a recent update for the company’s sales and purchases for 2025, the New York-listed owner and operator of dry cargo and tanker vessels Navios Partners reported the sale of two 2006-built panamaxes, for aggregate gross sale proceeds of $18.8m, with the sale of one vessel expected to be completed in the first half of 2025.
Also in January 2025, the company took delivery of a 2025-built aframax/LR2 tanker, which has been chartered-out at $25,253 net per day for a period of five years. It also added in January to its fleet portfolio the newly 2025-build LNG dual fuel 7,700 TEU containership, which has been chartered-out at an average rate of $41,753 net per day for a period of 12 years.
Furthermore, during the first quarter of 2025, Navios Partners agreed to enter into an export credit agency-backed facility for a total amount up to $148.4m in order to finance part of the acquisition cost of two newbuilding 7,900 TEU containerships, currently under construction.
Navios Partners owns and operates a fleet comprised of 70 dry bulk vessels, 50 containerships and 56 tankers, that includes 18 newbuilding tankers (12 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 five newbuilding containerships (one 7,700 TEU containership and four 7,900 TEU containerships), that are expected to be delivered through the first half of 2027.
The fleet excludes the panamax agreed to be sold.
As of February 7, 2025, Navios Partners had entered into short, medium and long-term time charter-out, bareboat-out and freight agreements for its vessels with a remaining average term of 2.1 years.
Navios Partners has currently fixed 62.7% and 42.2% of its available days for 2025 and 2026, respectively.
It expects contracted revenue of $926.6m and $707.7m for 2025 and 2026, respectively. The average expected daily charter-out rate for the fleet is $26,198 and $28,392 for 2025 and 2026, respectively.
