Navios Maritime Partners L.P. Announces Recent Fleet Developments

Rhea-AI Summary

Navios Maritime Partners (NYSE: NMM) announced fleet movements on Oct 16, 2025: sale of three vessels, delivery of one MR2 product tanker, and multiple charter-outs.

Key figures: $69.1 million gross sale proceeds expected from three vessel sales (two 2005 Panamax at $8.3M each; one 2010 VLCC for $52.5M), a 2025-built MR2 delivered and chartered at $22,669 net/day for ~5 years, and new charters expected to generate $113.9 million.

Fleet totals 172 vessels (65 dry bulk, 51 containerships, 56 tankers), 15.1 million dwt capacity, 287,243 TEU, average age 9.7 years, and $3.6 billion contracted revenue through 2037.

Positive

• Gross sale proceeds of $69.1 million
• Delivered 2025-built MR2 chartered at $22,669 net/day
• New charters expected to generate $113.9 million
• Fleet size 172 vessels with 15.1 million dwt
• $3.6 billion contracted revenue through 2037
• Contracted revenue of $580.4M (H2 2025) and $749.9M (2026)

Negative

• Only 48.1% of available days fixed for 2026
• Two 2005-built Panamax sold for just $8.3M each
• Average charter length for two MR2 tankers is short: 1.1 years
• Fleet average age is 9.7 years

Insights

Maritime fleet finance analyst

Fleet repositioning raises near-term liquidity and stable contracted revenue, while fleet size and forward bookings support medium-term cash visibility.

Navios Partners sold two Panamax drybulk vessels for a gross $8.3 million each and agreed to sell a VLCC for a gross $52.5 million, producing $69.1 million of gross sale proceeds; it also took delivery of a 2025-built MR2 product tanker that is chartered at $22,669 net per day for about five years. These are cash‑generating, balance‑sheet actions that reduce older tonnage while adding a modern, cash‑earning asset.

The company now reports a fleet of 172 vessels with carrying capacity of 15.1 million dwt and 287,243 TEU, average age 9.7 years, and states contracted revenue of $580.4 million for the last six months of 2025 and $749.9 million for 2026. It has fixed 88.1% of available days for the last six months of 2025 and 48.1% for 2026, and reports $3.6 billion contracted revenue through 2037. Those booked rates and long‑dated contracts materially increase near‑term revenue visibility and reduce short‑term cashflow volatility.

Key dependencies and risks include timing of the agreed VLCC sale closing in the fourth quarter of 2025, the realization of the stated gross sale proceeds, and the sustained performance of the newly chartered vessels at reported rates (average expected daily rates of $24,399 for the last six months of 2025 and $28,092 for 2026). Monitor completion of the VLCC sale in Q4 2025, actual cash receipts versus gross sale amounts, and whether the company maintains or adjusts the stated fixed‑day percentages over the next 6–12 months.

PIRAEUS, Greece, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo and tanker vessels, announced today that it has sold two dry bulk vessels and has agreed to sell one tanker vessel, taken delivery of one tanker vessel and chartered out three containerships and two tanker vessels.

Vessel Sales & Deliveries

Navios Partners has agreed to sell to unrelated third parties:

• two 2005-built Panamax vessels (77,075 and 76,619 dwt) for a gross sale price of $8.3 million each. The sales have been completed in the third and fourth quarter of 2025, respectively.
• one 2010-built VLCC (296,988 dwt) for a gross sale price of $52.5 million. The sale of the vessel is expected to be completed in the fourth quarter of 2025.

Navios Partners is expected to generate $69.1 million in gross sale proceeds from the sale of the three vessels.

Navios Partners took delivery of a 2025-built MR2 product tanker, which has been chartered-out at a rate of $22,669 net per day for a period of about five years.

Following these vessel sales and delivery, Navios Partners owns and operates a fleet of 172 vessels in total, comprised of 65 dry bulk vessels, 51 containerships and 56 tankers, including 17 newbuilding tankers (12 aframax/LR2 and five MR2 product tanker chartered-in vessels under bareboat contracts) that are expected to be delivered through the first half of 2028 and eight newbuilding containerships (four 7,900 TEU containerships and four 8,850 TEU containerships) that are expected to be delivered through the first half of 2028. Navios Partners’ fleet has a carrying capacity of 15.1 million dwt (8.6 million dwt for dry bulk vessels and 6.5 million dwt for tanker vessels) and 287,243 TEU for containerships with an average age of 9.7 years.

Vessel Charters

Navios Partners has entered into new long-term charters which are expected to generate revenue of $113.9 million.

• Three 4,250 TEU containerships have been chartered-out for an average period of 2.6 years at an average rate of $35,085 net per day
• Two MR2 product tankers have been chartered-out for an average period of 1.1 years at an average rate of $19,196 net per day.

As of October 10, 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 1.9 years. Navios Partners has currently fixed 88.1% and 48.1% of its available days for the last six months of 2025 and for 2026, respectively. Navios Partners expects contracted revenue of $580.4 million and $749.9 million for the last six months of 2025 and for 2026, respectively. The average expected daily charter-out rate for the fleet is $24,399 and $28,092 for the last six months of 2025 and for 2026, respectively. Navios Partners has $3.6 billion contracted revenue through 2037.

About Navios Maritime Partners L.P.

Navios Maritime Partners L.P. (NYSE: NMM) is an international owner and operator of dry cargo and tanker vessels. For more information, please visit our website at www.navios-mlp.com.

Forward-Looking Statements

This press release contains and will contain forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, TCE rates and Navios Partners’ expected cash flow generation, future contracted revenues, future distributions and its ability to make distributions going forward, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners’ growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters and Navios Partners’ ability to refinance its debt on attractive terms, or at all. Words such as “may,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions are intended to identify forward-looking statements.

These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements.

Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, the economic condition of the markets in which we operate, shipyards performing scrubber installations, construction of newbuilding vessels, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, wars, sanctions, diseases, pandemics, political events, piracy or acts by terrorists; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry and liquid cargo shipping sectors in general and the demand for our dry bulk, containerships and tanker vessels in particular, fluctuations in charter rates for dry bulk, containerships and tanker vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, fluctuation in interest rates and foreign exchange rates, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; the growing expectations from investors, lenders, charterers, and other market participants regarding our sustainability practices, as well as our capacity to implement sustainability initiatives and achieve our objectives and targets; and other factors listed from time to time in Navios Partners’ filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units.

Contacts

Navios Maritime Partners L.P.
+1 (212) 906 8645
Investors@navios-mlp.com 

Nicolas Bornozis
Capital Link, Inc.
naviospartners@capitallink.com

FAQ

What vessels did Navios Partners (NMM) sell on Oct 16, 2025?

Navios Partners sold two 2005-built Panamax (77,075 and 76,619 dwt) at $8.3M each and agreed to sell one 2010-built VLCC for $52.5M.

How much gross proceeds will Navios Partners (NMM) generate from the vessel sales?

Navios Partners expects to generate $69.1 million in gross sale proceeds from the three vessel sales.

What charter terms accompany the delivered 2025-built MR2 for Navios Partners (NMM)?

The 2025-built MR2 was delivered and chartered out at $22,669 net per day for about five years.

How large is Navios Partners’ (NMM) fleet after these transactions?

After the transactions, the fleet totals 172 vessels: 65 dry bulk, 51 containerships, and 56 tankers, with 15.1 million dwt capacity.

What contracted revenue visibility does Navios Partners (NMM) report through 2037?

Navios Partners reports $3.6 billion of contracted revenue through 2037.

What percentage of available days has Navios Partners (NMM) fixed for late 2025 and 2026?

Navios Partners has fixed 88.1% of available days for the last six months of 2025 and 48.1% for 2026.