Navios reveals Aframax/LR2 tanker delivery amid Q1 revenue $304.1m

Greek Navios Maritime Partners led-by Angeliki Frangou stays active with more additions to its fleet, as the owner took delivery in January and April of two newbuild aframax/LR2 tankers, which have been chartered-out at an average rate of $26,349 net per day for a period of five years. Meanwhile, the shipowner reported in its financial results for the first quarter revenue $304.1m, net income $41.7m and EBITDA $147.6m. In addition, earnings per common unit stood at $1.38 for the Q1 2025.

Angeliki Frangou also agreed to sell in February and March one 2006-built panamax, one 2005-built panamax and one 2007-built 2,741 TEU containership to unrelated third parties, for aggregate gross sale proceeds of $34.7m.

The sales of the 2005-built panamax and the 2006-built panamax were completed