MONACO - Navios Maritime Containers Inc. (“Navios Containers”) (N-OTC:NMCI), a growth vehicle dedicated to the container sector, announced today that it has closed the acquisition of the remaining four container vessels and as a result has completed the acquisition of the entire 14 container vessels fleet (the “Fleet”).

Navios Containers acquired the 14 vessels for a total purchase price of $118.0 million plus certain delivery and other operating costs.

The Fleet was partially financed through two loan facilities of $61.0 million in aggregate, including a previously announced $40.0 million facility, and a recently completed $21.0 million facility.

Fleet Update

Following this acquisition, Navios Containers controls a fleet of 14 vessels, totaling 57,100 TEU and the current average age of the fleet is 9.7 years.

Vessel Name TEU Year Built
MOL Devotion 4,250 2009
MOL Destiny 4,250 2009
MOL Dominance 4,250 2008
MOL Delight 4,250 2008
MOL Dedication 4,250 2008
Navios Amaranth 4,250 2007
Navios Indigo 4,250 2007
Navios Vermillion 4,250 2007
Navios Verde 4,250 2007
Navios Amarillo 4,250 2007
Navios Azure 4,250 2007
Navios Spring 3,450 2007
Navios Summer 3,450 2006
Navios Verano 3,450 2006
57,100