Navios Maritime Partners has taken another major step in consolidating the Angeliki Frangou-led shipping group’s fleet into a large diversified entity by carrying out an $835m fleet purchase.
The shipowner has purchased all 36 bulkers in the core fleet of its parent company, Navios Maritime Holdings, both New York-listed outfits said.
The transaction, which is the latest step in untangling what had once been a complex web of listed Navios Group companies, grows the Navios Partners fleet to 188 ships, in addition to 22 newbuildings.
