Greece's Navios Group is to divide up the bulker and boxship fleet of private shipowning company Navios Europe II.
The move will see 14 vessels distributed among the New York-listed group companies that own the private affiliate.
Navios Maritime Holdings and Navios Maritime Acquisition each own 47.5%, while Navios Maritime Partners controls the remaining 5%.
Angeliki Frangou-led Navios Maritime said in an SEC filing: "The structure is expected to be liquidated during the second quarter of 2020."
