Navios Maritime Containers sold 10 million of its shares listed in the Oslo Over-the-Counter market at $5 each.

Navios Containers is the latest equity vehicle in the Navios empire, housing 14 containerships bought earlier this year from Rickmers Maritime Trust.

The fleet could be expanded as Navios Container says the proceeds could be used for vessel acquisitions.

The assets were wrapped up into Navios Containers, which raised $50.3m