Shippingtelegraph: Navios confirms tanker duo buy for $133m amid Q2 revenue $327.6m

by Shipping Telegraph

Angeliki Frangou-led Navios Maritime Partners L.P. has confirmed the acquisition of two scrubber-fitted newbuilding aframax/LR2 tankers for $133m and the sale of three vessels with an average age of 16.5 years for $95.5m. Meanwhile, the shipowner reported in its financial results for the second quarter revenue of $327.6m, EBITDA of $178.2m and net income of $69.9m.

The company’s revenue stood at $327.6m for the Q2 2025 and at $631.7m for the first half of 2025. Its EBITDA was $178.2m for the Q2 2025 and $325.8m for the first half of the year.

Navios also saw net income of $69.9m for the quarter and $111.7m for the H1 2025.

The sale proceeds from the sale of a 2009-built 4,250 teu containership, a 2008-built 4,730 teu containership to unrelated third parties, and a 2009-built transhipper vessel of 57,573-dwt to Navios South American Logistics Inc., reached in total $95.5m.

During that period, Navios Partners agreed to acquire two scrubber-fitted newbuilding aframax/LR2 tankers of 115,000 dwt, from unrelated third parties, for an aggregate purchase price of $133m. The vessels are expected to be delivered into Navios Partners’ fleet during the first half of 2027.

Furthermore, one 2025-built aframax/LR2 newbuild tanker was delivered in June to the company, which has been chartered-out at a rate of $27,446 net per day for a period of five years.

In the operating side, Navios Partners has currently fixed 75.2% and 43.2% of its available days for the last six months of 2025 and for all of 2026, respectively. The company now expects contracted revenue of $519.2m and $706.4m for the last six months of 2025 and for all of 2026, respectively.

The average expected daily charter-out rate for the fleet is $24,989 and $28,523 for the last six months of 2025 and for all of 2026, respectively. Navios Partners has $3.1bn contracted revenue through 2037.

Navios Partners owns and operates a fleet comprised of 68 dry bulk vessels, 47 containerships and 58 tankers, including 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 four 7,900 TEU newbuilding containerships that are expected to be delivered through the first half of 2027.

The fleet excludes the two containerships agreed to be sold.

Angeliki Frangou, chairwoman and chief executive officer of Navios Partners said, “I am pleased with the results for the second quarter of 2025, in which we reported revenue of $327.6 million, EBITDA of $178.2 million and net income of $69.9 million. Earnings per common unit were $2.34 for the quarter.”

Angeliki Frangou continued, “Global economies have been surprisingly robust given the uncertain macro-environment. In addition, we are witnessing the creation and reshaping of trade patterns with longer distances due to the war between Ukraine and Russia, continued attacks in the Red Sea, and new and evolving world tariff regime. As a result, the shipping market generally is healthy.”