SOURCE: Navios Maritime Partners L.P.

Navios Maritime Partners L.P.

June 30, 2015 09:17 ET

Navios Maritime Partners L.P. Announces Long-Term Charter

MONACO--(Marketwired - Jun 30, 2015) - Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM), an international owner and operator of drybulk and container vessels, announced today that the Navios Fantastiks, a 2005-built Capesize vessel, has been chartered out for a period of 16-20 months at a rate of $12,825 net per day to a high quality counterparty. The charter will commence in July.

Effective June 3, 2015, the Navios Fantastiks was chartered out to Navios Holdings for a ten-month period at a rate of $12,500 net per day with a 50% profit sharing based on actual results.

At the termination of the initial charter to Navios Holdings (April 2016), the Navios Fantastiks will be redelivered to Navios Partners subject to this new charter to a third party at the rate of $12,825 net per day. The remaining period of the charter will then be 6-10 months, terminating no earlier than October 2016.

About Navios Maritime Partners L.P.

Navios Partners (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels. For more information, please visit our website at www.navios-mlp.com.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and Navios Partners' growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as "may," "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions are intended to identify forward-looking statements. Such statements include comments regarding expected revenue and time charters. Although the Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for dry bulk vessels, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in the Navios Partners' filings with the Securities and Exchange Commission. Navios Partners expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Navios Partners' expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

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