TNP - Navios Maritime Acquisition: Very Risky But Potentially Very Rewarding

Navios Maritime Acquisition (NNA) is the tanker arm of the Navios Group, which controls ~200 vessels, of which 46 are controlled by NNA (13 VLCCs, 10 LR1s, 18 MR2s, 3 MR1s and 2 Chemical Tankers). These include the five vessels added to NNA's Fleet in December 2019 following the liquidation of Navios Europe I and the three newbuild VLCCs on bareboat charter expected to be delivered in Q3 2020, Q4 2020 and Q3 2021. All newbuilds come with attractive long-term charters attached, as illustrated in the VLCC fleet list below:

Source: NNA Q4 2019 Presentation,

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