2018 Press Releases

Date Title   12/14/18 Navios Maritime Acquisition Corporation Completes Acquisition of Navios Maritime Midstream Partners L.P. MONACO, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA) announced that it completed the acquisition of Navios Maritime Midstream Partners L.P. (“Navios Midstream”).  Following the close of the market on December 13, Navios Midstream common units no longer are publicly traded on the New York Stock Exchange. Angeliki Frangou, Chairman and Chief Executive Officer, stated “We are pleased to close this important transaction, which provi...  12/11/18 Navios Maritime Acquisition Corporation and Navios Maritime Midstream Partners L.P. Announce Preliminary Election Results MONACO, Dec. 11, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA) and Navios Maritime Midstream Partners L.P. (“Navios Midstream”) (NYSE:NAP) announced the preliminary results of the elections made by public unit holders of Navios Midstream regarding the consideration to be received in connection with the acquisition of Navios Midstream by Navios Acquisition (the “Acquisition”). As announced on October 7, 2018, Navios Midstream and Navios Ac...  12/04/18 Reminder of Navios Maritime Acquisition Corporation and Navios Maritime Midstream Partners L.P. Expected Merger Closing Date and Election Deadline Completed and Signed Election Forms must be received no later than 5:00 p.m., Eastern Time, on December 10, 2018 MONACO, Dec. 04, 2018 (GLOBE NEWSWIRE) -- As previously announced, on October 7, 2018, Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA) and Navios Maritime Midstream Partners L.P. (“Navios Midstream”) (NYSE:NAP) entered into a definitive merger agreement under which Navios Acquisition will acquire all of the publicly held units of Navios Midstream in exchan...  11/09/18 Navios Maritime Acquisition Corporation Announces Stockholder Approval of a 1:15 Reverse Stock Split And Effective Date of November 14 MONACO, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition” or the “Company”) (NYSE: NNA), an owner and operator of tanker vessels, announced that the previously disclosed one-for-fifteen reverse split of its common stock was approved by Company’s stockholders at a special meeting held today.   The reverse stock split will be effected immediately before any trading commences prior to market open on November 14, 2018.  The common stock will begin t...  11/06/18 Navios Maritime Acquisition Corporation Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2018 Revenue: $41.6 million for Q3 2018; $129.2 million for the nine months 2018 Agreement to Acquire Navios Maritime Midstream Partners LP Simplifies the capital and organizational structures Creates significant savings in public company costs Enhances credit profile Builds scale and profit potential Reduces cost of capital Returning capital to stockholders: Quarterly dividend: $0.02 per share Stock repurchased YTD:  9,221,255 shar...  11/01/18 Navios Maritime Acquisition Corporation Announces the Date for the Release of Third Quarter 2018 Results, Conference Call and Webcast Conference Call & Webcast: Tuesday, November 6, 2018 at 8:30 am ET MONACO, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE:NNA) announced today that it will host a conference call on Tuesday, November 6, 2018 at 8:30 am ET, at which time Navios Acquisitions' senior management will provide highlights and commentary on earnings results for the third quarter and nine months ended September 30, 2018. The Company will report results for ...  10/08/18 Navios Maritime Acquisition Corporation And Navios Maritime Midstream Partners L.P. Announce Definitive Merger Agreement Navios Maritime Acquisition Corporation Announces Board Approval of a 1:15 Reverse Stock Split MONACO, Oct. 08, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA) and Navios Maritime Midstream Partners L.P. (“Navios Midstream”) (NYSE:NAP) announced today that they have entered into a definitive merger agreement under which Navios Acquisition will acquire all of the publicly held units of Navios Midstream in exchange for shares of  Navios Acquisi...  08/22/18 Navios Maritime Acquisition Corporation Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2018 Revenue: $41.5 million for Q2 2018; $87.6 million for the six months 2018 Unique bareboat structure on newbuild VLCCs Navios Midstream acquisition proposal Returning capital to stockholders: Quarterly dividend: $0.02 per share Stock repurchased YTD: 7,626,619 shares (5.0% of common shares) MONACO, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE: NNA), an owner and operator of tanker vesse...  08/17/18 Navios Maritime Acquisition Corporation Announces the Date for the Release of Second Quarter 2018 Results, Conference Call and Webcast Conference Call & Webcast: Wednesday, August 22, 2018 at 8:30 am ET MONACO, Aug. 17, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE:NNA) announced today that it will host a conference call on Wednesday, August 22, 2018 at 8:30 am ET, at which time Navios Acquisitions' senior management will provide highlights and commentary on earnings results for the second quarter and six months ended June 30, 2018. The Company will report results for the s...  06/28/18 Navios Maritime Acquisition Corporation Announces Offer to Acquire Outstanding Units of Navios Maritime Midstream Partners L.P. MONACO, June 28, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA), an owner and operator of tanker vessels, announced today that it has submitted a proposal to the board of directors of Navios Maritime Midstream Partners L.P. (“Navios Midstream”) (NYSE:NAP) to acquire the publicly held units of Navios Midstream not already owned by Navios Acquisition in a stock for units exchange. Subject to negotiation and execution of a definitive agreemen...  05/10/18 Navios Maritime Acquisition Corporation Reports Financial Results for the First Quarter Ended March 31, 2018 Revenue: $46.2 million for Q1 2018 $71.5 million sale and leaseback agreement for four MR2 product tankers • Extended maturity to 2024 • Eliminated debt maturities for the next 13 months Sale of a VLCC for $44.5 million Operating initiatives create ~ $35.0 million in 2018 liquidity NNA operating costs ~ 17.0% lower than listed peers for 2017 Commercial and technical management fees fixed until May 2020 Returning capital to stockholders: • Quarterly dividend: $0....  05/07/18 Navios Maritime Acquisition Corporation Announces the Date for the Release of First Quarter 2018 Results, Conference Call and Webcast Conference Call & Webcast: Thursday, May 10, 2018 at 8:30 am ET MONACO, May 07, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE:NNA) announced today that it will host a conference call on Thursday, May 10, 2018 at 8:30 am ET, at which time Navios Acquisitions' senior management will provide highlights and commentary on earnings results for the first quarter ended March 31, 2018. The Company will report results for the first quarter ended March...  04/19/18 Navios Maritime Acquisition Corporation Announces Sale and Leaseback Transaction MONACO, April 19, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA), an owner and operator of tanker vessels, announced today that it has completed a $71.5 million sale and leaseback agreement (“Agreement”) for four MR2 product tankers. The proceeds have been used to extinguish $69.25 million of indebtedness. The Agreement provides for 24 quarterly payments of $1.5 million each plus interest at LIBOR plus 305 bps per annum. Navios Acquisition...  04/06/18 Navios Maritime Acquisition Corporation Announces Availability of Its Form 20-F for the Year Ended December 31, 2017 MONACO, April 06, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE:NNA) announced that its Annual Report on Form 20-F for the year ended December 31, 2017 has been filed with the SEC and can be accessed on Navios Acquisition's website, www.navios-acquisition.com under the "Investors" section. Alternatively, shareholders may also request a hard copy of the complete audited financial statements, free of charge, by contacting Navios Acquisition at: ...  03/26/18 Navios Maritime Acquisition Corporation Agrees to Sell One VLCC to Navios Maritime Midstream Partners L.P. for $44.5 Million MONACO, March 26, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA), an owner and operator of tanker vessels, announced today that it has agreed to sell the Nave Galactic, a 2009-built VLCC of 297,168 dwt to Navios Maritime Midstream Partners L.P. (“Navios Midstream”) (NYSE:NAP) for $44.5 million. Navios Acquisition also agreed to extend the charter rate backstop of the Shinyo Kannika to the Nave Galactic. Navios Acquisition intends to use th...  02/23/18 Navios Maritime Acquisition Corporation Receives Continued Listing Standards Notice From NYSE MONACO, Feb. 23, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation Inc. (“Navios Acquisition” or the “Company”) (NYSE:NNA) announced today that on February 13, 2018, the Company was notified by the New York Stock Exchange, Inc. (“NYSE”) that it is no longer in compliance with the NYSE’s continued listing standards because the average closing price of the Company’s common stock over a consecutive 30 trading-day period was less than $1.00 per share. The NYSE’s notification has no ...  02/07/18 Navios Maritime Acquisition Corporation Reports Financial Results for the Fourth Quarter and the Year Ended December 31, 2017 Revenue: $50.3 million for Q4 2017; $227.3 million for 2017 $45.9 million net cash from operating activities for 2017 Adjusted EBITDA: $20.0 million for Q4 2017; $107.7 million for 2017 Returning capital to shareholders: $25.0 million - stock repurchase program Declared quarterly dividend of $0.02 per share MONACO, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE:NNA), an owner and operator of tanker vess...  02/02/18 Navios Maritime Acquisition Corporation Announces the Date for the Release of Fourth Quarter and Year Ended December 31, 2017 Results, Conference Call and Webcast Conference Call & Webcast: Wednesday, February 7, 2018 at 8:30 am ET MONACO, Feb. 02, 2018 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE:NNA) announced today that it will host a conference call on Wednesday, February 7, 2018 at 8:30 am ET, at which time Navios Acquisitions' senior management will provide highlights and commentary on earnings results for the fourth quarter and year ended December 31, 2017. The Company will announce earnings result...