Navios Maritime Acquisition will look to sell the portion of the bulkers and boxships that it received in the liquidation of another Navios Group unit.

Navios Europe II, which owns 14 vessels, will be wound up in the second quarter, with the ships going to the three New York-listed Navios companies that own its shares.

The company’s board has formed a special committee of independent and disinterested directors to consider and approve the liquidation, Navios Acquisition said.