Piraeus, Greece: Navios Maritime Holdings has sold the 'Navios Aurora II', a 2009 South Korea-built Capesize vessel with a capacity of 169,031DWT to Navios Maritime Partners for US$110 million.
The $110 million purchase price is being paid as follows: US$90 million in cash and the US$20 million balance through the receipt of 1,174,219 common units of Navios Partners.
Navios Holdings intends to use the proceeds from the sale of this vessel for operating purposes, such as repayment of debts or reinvestment in vessels.
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