Greek shipping giant Navios Maritime Partners has lined up a fundraising programme worth up to $500m.
The US-listed owner, led by Angeliki Frangou, said in an F-3 form filing to the US Securities and Exchange Commission that offerings of stock or other debt securities could be made from time to time through underwriters.
The stock in New York closed at $22.88 on Thursday, up 0.6%.
The company also said that on 10 May it had agreed to sell the 64,000-dwt LR1 product tanker Lumen N (built 2008).
The buyer is an unrelated third party for a price of $22.3m.
VesselsValue estimates the ship is worth $25m, up from $13m a year ago.
The deal is expected to be completed during the second quarter of 2023.
In January, brokers in London and the US reported the vessel and the 64,000-dwt sister ship Aurora N (built 2005) had found buyers at $23m each.
An unknown Turkish buyer was linked to the business at the time.
The Lumen N was acquired in a bank sale from Interorient Shipmanagement for an undisclosed price in 2013.
The reported January deal was viewed as fitting into a previous pattern, in which Navios sells vessels aged above its fleet average as they reach the end of their ongoing charters.
According to the company’s website, the Lumen N and Aurora N were on time charters that expired in February, earning a floating rate based on Penfield Marine pool earnings.
The company has already offloaded its last two chemical tankers and two of its three MR1 ships.
