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Home Logistics News

Navios Partners picks up two resale LR2s in $133m deal

August 22, 2025
in Logistics News
Navios Partners picks up two resale LR2s in $133m deal
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Greece’s Navios Maritime Partners has confirmed the acquisition of two scrubber-fitted aframax/LR2 tanker resales, lifting its orderbook in the segment to 12 vessels.
The Angeliki Frangou-led company is paying $133m for the pair of 115,000 dwt newbuilds, which are scheduled for delivery in the first half of 2027. The identity of the seller has not been disclosed.
The purchase follows a series of moves by Navios Partners this year to reshape its fleet across sectors. The company now holds 18 newbuildings in the tanker segment, including six MR2 product tankers chartered in under bareboat agreements, all due by mid-2028.
Earlier this year, the company secured a $227.1m financing package, which will amongst other things be used to partially fund the acquisition of the two newbuilding aframax/LR2 tankers.
Navios has also been active on the sale front, securing deals to offload two mid-sized containerships – a 2009-built 4,250 teu unit and a 2008-built 4,730 teu ship – to unrelated buyers for a combined $65.5m and deliveries expected in in late 2025 and early 2026.
In a related-party transaction in July, Navios also sold a 2009-built 57,573 dwt transhipper to Navios South American Logistics for $30m.
Fleet-wise, Navios Partners took delivery in June 2025 of a newly built aframax/LR2 tanker. That vessel is already fixed on a five-year charter at $27,446 net per day.
Meanwhile, the company has also had to react to geopolitical developments after the US Treasury’s OFAC listed UAE-based VS Tankers under sanctions in July. VS Tankers had a pair of VLCCs under bareboat contracts from Navios, which were subsequently terminated. Both ships, built in 2020 and 2021, had been fixed through 2030 and 2031 at $27,456 net per day, and now been redeployed into what the company describes as a healthy spot market.
Including the newbuildings, Navios Partners’ fleet currently stands at 68 bulkers, 47 boxships, and 58 tankers, not counting the two containerships agreed to be sold.
Tags: AndBuiltNaviosTankerThe

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