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SOLD FOR ABT US $125 MIL INCL. TC TO MSC UNTIL 2027 AT $60.250/DAY

JNPT handles largest ship to ever call in India

DP World-operated Nhava Sheva (India) Gateway Terminals at Jawaharlal Nehru Port Trust on Friday hosted the MSC Cristina, reportedly the largest container ship ever to call Indian shores. The 2011-built Cristina is about 366 meters (approximately 1,201 feet) long and has a capacity to carry up to 13,102 twenty-foot-equivalent units, the Dubai-based company said in a press statement. That makes the Cristina larger than the 11,000-TEU MSC Francesca serviced by NSIGT on March 18. “Our latest terminal to start operations in India, NSIGT is the only futuristic terminal at Jawaharlal Nehru Port with essential state-of-the-art facilities to handle vessels of this caliber. This reinforces our position as the leading container terminal operator in India,” DP World Subcontinent Senior Vice President and Managing Director Anil Singh said, speaking at a port event to celebrate the Cristina call. The mega-ship calls follow on the heels of JNPT completing a dredging project that deepened its channel depth to 14 meters (46 feet). http://www.joc.com/port-news/asian-ports/port-jawaharlal-nehru/jnpt-handles-largest-ship-ever-call-india_20160401.html

Navios Maritime Partners L.P. Announces Delivery of MSC Cristina

Navios Maritime Partners L.P., an international owner and operator of drybulk and container vessels, announced that the MSC CRISTINA, a 2011 South Korean-built container vessel of 13,100 TEU was delivered to Navios Partners’ owned fleet.The MSC CRISTINA has been chartered out to a high quality counterparty for 12 years at a rate of $60,275 net per day, with Navios Partners’ option to terminate after year seven. The vessel is expected to generate approximately $18.4 million of annual EBITDA and approximately $217.8 million of aggregate EBITDA for the charter period, assuming operating expenses approximating current operating costs and 360 revenue days.Following the delivery of the MSC CRISTINA, Navios Partners has 31 vessels in the water. Source: Navios Maritime Partners