Navios Partners picks up two resale LR2s in $133m deal
Navios Maritime Partners Expands Fleet with New Tanker Acquisitions
Navios Maritime Partners has announced the acquisition of two aframax/LR2 tanker resales equipped with scrubbers, boosting its orderbook in this segment to a total of 12 vessels. The company, led by Angeliki Frangou, is investing $133 million in these 115,000 dwt newbuilds, which are set to be delivered in the first half of 2027. The identity of the seller has not been revealed.
Strategic Fleet Restructuring and Financing
This recent purchase is part of Navios Partners’ ongoing strategy to reshape its fleet across various sectors. The company currently has a total of 18 newbuildings in the tanker category, which includes six MR2 product tankers that are leased under bareboat agreements. All of these vessels are expected to be delivered by mid-2028. Earlier this year, Navios secured a substantial financing package worth $227.1 million, which will help fund the acquisition of these new aframax/LR2 tankers among other investments.
In addition to expanding its tanker fleet, Navios has been active in selling assets. The company recently completed the sale of two mid-sized containerships—one built in 2009 with a capacity of 4,250 TEU and another from 2008 with a 4,730 TEU capacity—to unrelated buyers for a total of $65.5 million. These vessels are scheduled for delivery in late 2025 and early 2026. Furthermore, in July, Navios sold a 2009-built 57,573 dwt transhipper to Navios South American Logistics for $30 million in a related-party transaction.
Current Fleet Status and Market Adjustments
As of June 2025, Navios Partners took delivery of a newly constructed aframax/LR2 tanker, which has already been placed on a five-year charter at a net rate of $27,446 per day. The company has had to navigate several geopolitical challenges recently, notably the U.S. Treasury’s Office of Foreign Assets Control (OFAC) imposing sanctions on UAE-based VS Tankers in July. This led to the termination of two VLCCs that were under bareboat contracts with Navios, each previously fixed through 2030 and 2031 at a net rate of $27,456 per day. The company has since redeployed these vessels into what they describe as a robust spot market.
With the addition of the newbuildings, Navios Partners now boasts a fleet comprising 68 bulk carriers, 47 boxships, and 58 tankers, not including the two containerships that are set to be sold. This diversification and expansion reflect the company’s strategic approach to enhancing its market position amid evolving industry dynamics.
