Platou: Strong Navios VLCC purchase
The purchase of three VLCC's for a total price of USD 163 million is extremely attractive to Navios, even though the ships are built in China, says Platou.
BY OLE ANDERSEN
Navios' decision to purchase three VLCC's, built between 2009 and 2011, for a price of USD 163 million is extremely attractive from a historical perspective. With average break-even rates of USD 19,400 per day for the three ships, the investment will immediately contribute to Navios' revenue, says analysts Platou.
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