Navios Maritime Holdings Inc. announced the sale to Navios Maritime Partners L.P on 10/28/2009. Navios Holdings intends to use the proceeds from the sale of this vessel for operating purposes, such as repayment of indebtedness or reinvestment in vessels. The buzz expects the company to negotiate a safe release of the vessel and crew and for any damages and losses to be covered by insurance. Navios Maritime Holdings Inc. agreed to sell the now hijacked Panama-flag Navios Apollon, a 2000 built Ultra-Handymax vessel with a capacity of 52,073 dwt to Navios Maritime Partners L.P. for $32.0 million in cash. Navios Apollon has been chartered out at a net rate of $23,700 per day for the remaining period of three years expiring in November 2012. Was The vessel delivered to Navios Partners at the time of its Annual General Meeting, Dec 16, 2009?
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