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Navios Acquisition Receives Delivery of VLCC Shinyo Kieran

The Shinyo Kieran, a VLCC vessel of 297,066 dwt, was delivered on June 8, 2011 from a Chinese shipyard to Navios Acquisition's owned fleet. The vessel is chartered out for 15 years at a net rate of $48,153 per day with profit sharing. Ms. Angeliki Frangou, was on hand to receive the vessel to the Company’s owned fleet.