Navios Maritime Acquisition Corp (NNA), a $123.4 million SPAC focused on a target business in the marine transportation and logistics industries,  announces an agreement today to purchase 13 tanker ships for almost half a billion dollars.  With this purchase agreement, Navios Maritime Acquisition will operate a fleet consisting of eleven product tankers and two chemical tankers.

All of the purchased ships are still being constructed at shipyards in South Korea, with the first two ships scheduled for delivery in May. It looks like Navios acquired them from a company or a group that ran into financial troubles after placing the orders for these ships.

The Greek-sponsored SPAC will use all $123.4 million funds raised from its IPO in June 2008 to finance the purchase. The rest will come from loans. The shareholders are expected to approve the deal as of April 26 in order to complete the agreement. Currently, a date for the vote has not been scheduled.