Of George Georgiou
Aggeliki Frangou’s Navios Maritime Partners continues to invest in new tonnage, in an effort to further expand its already large fleet.
In particular, the shipping company ordered 2 + 2 container vessels with a capacity of 5,300 TEUs each, at the Chinese shipyard, Zhoushan Changhong international. The delivery of the steamers is expected to be completed in 2024.
This is the second order in this shipyard, after the one that became known in the middle of the summer for 4 + 2 containerships, of the same capacity, which will be included in the shipping fleet in 2023 and 2024.
The price of the last investment was not known. In the first order, each ship cost about $ 61 million. Market analyst tells Capital.gr that since the summer the shipbuilding prices of containers have increased significantly.
However, he adds that it is possible that Navios has reached an agreement with the yard for a price close to the levels of the first order.
Investment “crescendo” in the market
The containerships industry is experiencing a prolonged period of high demand and high profitability, which allows companies to implement expansion moves.
In 2021, several new orders were placed by Greek shipping interests, despite their relatively small market share. Vaggelis Marinakis ‘Capital Maritime, Tsakos Shipping & Trading, interests of the Tsakos family and Aristides Pittas’ Euroseas, have invested in new containerships, with a capacity of 1,800 to 5,300 TEUs.
After all, in most cases the newly built steamers are closed in long-term charters. Indicative of each of the six first-order containerships under construction, Navios has secured 60-64 month charters, for an average of $ 37,050 per day.
Overall, the shipping containers of the shipping company are chartered for a long time. Already 88.1% of the available days of the containerships fleet for 2022 are covered.
Navios strategy
Angeliki Frangou has been in the spotlight in recent months, following the decision to merge bulk carriers, tankers and containerships into one company – Navios Maritime Partners.
She believes that large and diversified fleets are the future of global shipping, “as they reduce the risk of volatility that characterizes the shipping markets and exploit the fundamentals of all industries.”
The shipowner has pointed out that the merger will bring particularly positive results, while it will also strengthen the value of the share, as, as she said, “institutional investors are interested in the size and are looking at Navios”.
In fact, it predicts that the number of listed companies will be reduced, which are “pure players”, that is, they are active in only one sector.
Navios Maritime Partners now manages 142 ships (54 bulk carriers, 45 tankers and 43 containerships).
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Source From: Capital
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