The New York-listed owner has built up a fleet of eight boxships since moving into the sector in 2013 and this week announced an option to add another large vessel.
While some Greek owners are showing renewed appetite for cheap secondhand bulkers, the master limited partnership (MLP) structure of Navios Maritime Partners means further diversification in boxships takes precedence.
Frangou said on a conference call this week: “On acquisitions we will say that we concentrate on container segment, right now, because that provides the visibility of cash flows that are in vessels and also on the contracted revenue that really gives you long periods in duration.
