US-listed Navios Maritime Partners is not on the hunt for more newbuildings, according to chief executive Angeliki Frangou.
The giant Greek shipowner has 16 vessels worth $1.5bn on order, comprising LR2 tankers and post-panamax and panamax container ships.
The owner confirmed 11 older bulkers and tankers have been sold off over the past three months in deals raising $214m, in a bid to lower the fleet age.
