Navios Maritime Partners, a US-listed shipping company controlled by Greek shipowner Angeliki Frangou, is actively pursuing fleet renewal; it has recently signed agreements to acquire newly built tankers and bulk carriers while continuing to sell off older container ships.
On August 20, Navios Maritime released its financial results for the second quarter and the first half of 2026. For the second quarter of 2026, the company reported revenue of $410.2 million, net income of $167.9 million, and EBITDA of $275.2 million. For the first half of 2026, revenue, net income, and EBITDA stood at $767.2 million, $274.3 million, and $487.8 million, respectively.
During the reporting period, Navios Maritime acquired four new vessels of two different types, sold one older container ship, and took delivery of one new vessel.
Acquisition of 3 newly built VLCCs and 1 newly built Capesize bulk carrier
In June and July 2026, Navios Partners entered into agreements with unrelated third parties to acquire three newly built Very Large Crude Carriers (VLCCs) for a total purchase price of $361.5 million. The new vessels are equipped with desulfurization systems and are scheduled for delivery in the second half of 2028 and in 2029.
Combined with the 4+2+2 319,000 DWT VLCCs announced in the first quarter of 2026, Navios Partners’ current confirmed VLCC order book has increased to seven vessels, representing a total investment of $843.5 million. Charter agreements have now been finalized for all vessels in this batch (including one vessel currently under advanced negotiations with a charterer), with an average fixed charter term of 6.1 years, and are expected to generate $700.2 million in contract revenue. According to market reports, the first four VLCCs will be built by Wuhu Shipyard.
In addition to the tanker market, Navios Partners also entered into an agreement with an unaffiliated third party in July of this year to acquire a Capesize bulk carrier—built by a Japanese shipyard and equipped with a desulfurization system—under a 10-year bareboat charter contract for $70.1 million. The new vessel is expected to be delivered in the second half of 2029.
In summary, Navios Partners has acquired three newbuild VLCCs and one newbuild Capesize bulk carrier, with a total transaction value of $431.6 million.
Sale of 1 Used Vessel; Acquisition of 1 New Vessel
To accelerate the optimization of its fleet structure, in August 2026, Navios Partners entered into a ship sale agreement with an unaffiliated third party, agreeing to sell a 4,730-TEU container ship for $34.5 million. The vessel, built in 2008 and 19.2 years old, is expected to be delivered to its new owner in the second half of 2027.
Also in August, Navios Partners took delivery of an Aframax/LR2 tanker built in 2026 and equipped with a scrubber. A five-year charter agreement has been signed for this new vessel.
During the reporting period, Navios Partners owned and operated a diversified fleet of 176 vessels, including 66 dry bulk carriers, 50 container ships, and 60 tankers. This fleet does not include one 4,730 TEU container ship for which a sale agreement has been reached.
The fleet includes 3 Capesize bulk carriers under construction (chartered under bareboat charter agreements), expected to be delivered in the second half of 2028 and in 2029; 7 container ships under construction (3 7,900-TEU container ships and 4 8,850-TEU container ships), expected to be delivered in the first half of 2028; 19 tankers under construction (7 VLCCs, 8 Aframax/LR2 tankers, and 4 MR2 product tankers, all chartered under bareboat charter agreements), expected to be delivered by 2029.
Currently, Navios Partners’ fleet has secured charter contracts totaling $4.4 billion, of which $606.3 million represents new contract revenue during the reporting period, with charter terms extending as far as 2037.