Navios Maritime Partners L.P. ("Navios Partners") an international owner and operator of drybulk and container vessels, announced today that it has agreed to acquire the MSC Cristina, a 2011 South Korean-built container vessel of 13,100 TEU for $147.8 million. The vessel is expected to be delivered to Navios Partners' owned fleet by the end of February 2015. 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. Navios Partners is expected to finance the acquisition with cash on its balance sheet and bank debt on terms consistent with its existing credit facilities. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners stated, "Today's announcement demonstrates our ability to secure accretive deals that expand our cash flow generation capacity and extend our average contract duration. Today, Navios Partners has eight container vessels (almost 25% of our fleet). Given current market conditions, we will continue to seek opportunities in this segment.”