A single Rickmers Maritime Trust (RMT) bondholder is looking to block the sale of its 14-strong fleet to Greece’s Navios Group.

Peter Kwok Kian Tow, who holds SGD 250,000 ($178,500) of RMT’s SGD 100m 8.45% bonds, has filed an injunction in a bid to prevent the sale.

The hearing at the Singapore High Court was fixed for Monday morning, RMT said in a regulatory filing.