Navios Maritime Acquisition is closing in on the refinancing of debt due this year and next, Angeliki Frangou says.
The progress on financing follows the completion of a merger with former MLP Navios Maritime Midstream Partners which has boosted the fleet in a strengthening tanker market.
Chief executive Frangou told investors on a conference call Navios Acquisition had received a term sheet and was in advanced discussion to refinance $77.8m
