March 26, 2018 / 12:54 PM / a month ago

BRIEF-Navios Maritime Acquisition Corporation Sells One VLCC For $44.5 Mln

March 26 (Reuters) - Navios Maritime Acquisition Corp :

* NAVIOS MARITIME ACQUISITION CORPORATION AGREES TO SELL ONE VLCC TO NAVIOS MARITIME MIDSTREAM PARTNERS L.P. FOR $44.5 MILLION

* NAVIOS MARITIME ACQUISITION CORP - INTENDS TO USE PROCEEDS FROM SALE OF VESSEL FOR REPAYMENT OF INDEBTEDNESS, REINVESTMENT IN VESSELS, OTHERS

* NAVIOS MARITIME ACQUISITION CORP - ALSO AGREED TO EXTEND CHARTER RATE BACKSTOP OF SHINYO KANNIKA TO NAVE GALACTIC

* NAVIOS MARITIME ACQUISITION - SALE OF NAVE GALACTIC DEAL BEEN UNANIMOUSLY APPROVED BY SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS OF NAVIOS ACQUISITION

* NAVIOS MARITIME ACQUISITION - NAVE GALACTIC TO BE SUBSTITUTED BY NAVE EQUINOX AND NAVE PYXIS MR2 PRODUCT TANKERS Source text for Eikon: Further company coverage:

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