Navios Maritime Acquisition Corporation Announces Delivery of One MR2 Product Tanker
With Employment; and Time Charter for One MR2 Product Tanker


Monaco, 25 Oct 2013

Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE: NNA), an owner and operator of tanker vessels, announced that the Nave Lucida, a 2005-built MR2 product tanker of 47,999 dwt, was delivered on October 23, 2013.

The Nave Lucida has been chartered out to a high quality counterparty for one year at a base rate of $12,500 (net) per day, plus 100% profit sharing up to $14,000 (net) per day; thereafter, profit sharing will be split 50%/50%. The charterer has been granted an option for an additional year at an increased rate of $13,500 (net) per day, plus 100% profit sharing up to $15,000 (net) per day; thereafter, profit sharing will be split 50%/50%.

The Nave Lucida is expected to generate approximately $2.2 million base EBITDA for the charter period, assuming operating expense approximating current operating costs and 360 revenue days per year.

Navios Acquisition also announced that the Nave Dorado has been chartered to the same high quality counterparty as the Nave Lucida on identical terms.

The two vessels are expected to generate an aggregate base EBITDA of $4.4 million for the charter period.

Fleet Update
Following the delivery of the Nave Lucida, Navios Acquisition has 34 vessels in the water.

Navios Acquisition has contracted 99.3% and 80.1% of its available days on a charter-out basis for 2013 and 2014, respectively.

The average charter-out period of Navios Acquisition's fleet is 2.3 years.

About Navios Maritime Acquisition Corporation
Navios Acquisition (NYSE: NNA) is an owner and operator of tanker vessels focusing in the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. For more information about Navios Acquisition, please visit our website: www.navios-acquisition.com.

Source: Navios Maritime Acquisition Corporation