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Navios Containers announces acquisition of three containerships

Navios Maritime Containers Inc. (the “Company” or “Navios Containers”), a growth vehicle dedicated to the container sector, agreed to acquire three containerships for a total purchase price of $117.25 million, the Company said in its news release. Navios Containers agreed to acquire two 8,204 TEU containerships, the YM Utmost and the YMUnity, for $67.0 million from Navios Maritime Partners L.P. (“Navios Partners”). The two vessels arechartered out at a net daily charter rate of $34,266 until August 2018 and October 2018, respectively.The acquisition of the YM Utmost and the YM Unity was unanimously approved by the SpecialCommittee of the independent members of the Board of Directors of Navios Containers.Navios Containers agreed to acquire one 10,000 TEU containership for $50.25 million from a thirdparty. The vessel is time chartered out at a net daily charter rate of $26,663 until March 2019.The Company expects to take delivery of all three vessels in the second quarter of 2018.Based on their existing charters and the current rate environment, the containerships are expected togenerate approximately $18.7 million of aggregate EBITDA over the next twelve months.

Vessel detained in Rotterdam for investigations

The Dutch authorities detained the "YM Utmost" after its arrival in Rotterdam on Oct 5 short before midnight. Police boarded the ship on request of the German prosecutors and questioned the master. The ship was also inspected by the Dutch authorites before unloading of Containers started. There were hints that the ship, in spite of the captain's statement, in fact had suffered a technical failure while leaving the port of Hamburg causing the development of dense smoke with possibly toxic contents. German reports with photos: http://www.abendblatt.de/hamburg/altona/article132978539/Wie-giftig-war-die-Rauchwolke-ueber-dem-Hafen-wirklich.html http://www.ndr.de/nachrichten/hamburg/Russwolke-hinterhttp://www.shz.de/hamburg/russwolke-ueber-altona-warten-auf-antworten-id7868026.htmllaesst-Fragen-und-Aerger,russwolke106.html

Container ship caused large scale operation of fire department

The Police in Hamburg launched an investigation against the "Yang Ming Utmost" after causing an air pollution and a large-scale operation of the fire department upon departure from the port. Since the "Yang Ming Utmost", however, had already picked up speed, a tracking with boats of the river police was no longer possible. The first emergency calls were received on Oct 4 around 7 p.m. from passers-by who were black from the soot. The toxic sulfur cloud drifted over Neumühlen, Oevelgönne and Othmarschen to the hospital Altona where the soot particles were sucked from the air conditioner and fire alarm sounded in the clinic and the fire rescue attended. Whether the toxins came into the emergency room and patient rooms, was not yet known. Restaurant operators in Altona reported considerable amounts soot on furniture, food and beverages. The "Yang Ming Utmost" on its way to Rotterdam apparently had switched from low-sulfur fuel on the cheaper heavy fuel oil already in port. German report with photos and video: http://www.ndr.de/nachrichten/hamburg/Polizei-ermittelt-wegen-Schiffs-Russwolke,russwolke100.html http://www.radiohamburg.de/Nachrichten/Hamburg-aktuell/Panorama/2014/Oktober/Qualmsaeule-und-Fehlalarm-Ermittlungen-zu-Russschiff-im-Hafen http://www.youtube.com/watch?v=M5ywGOB3drM http://www.mopo.de/polizei/sogar-brandmelder-schlugen-alarm-containerschiff-stoesst-stinkende-abgaswolken-ueberm-hamburger-hafen-aus,7730198,28648452.html