Navios Maritime Partners is acquiring two containerships for $117.7m as it reports higher first half earnings.

Navios Partners reported a first half net income of $48.3m compared to $35.8m in the same period a year earlier. The company announced it would be buying two 8,204 teu, 2006-built boxships. The vessels will be delivered in the fourth quarter and both have been chartered out for a minimum of four years at a rate of $34,266 per day.

“We continue to grow our fleet and cash flow. We agreed to acquire two 8,200 teu container vessels, built in 2006, for a total price of $117.7m. This purchase demonstrates our discipline and ability to transact at favorable pricing,” said Angeliki Frangrou, chairman and ceo of Navios Partners.