The merge will make it the largest US publicly listed company by vessel count.
'The combined entity will be the largest US publicly-listed shipping company in terms of vessel count, with 15 vessel types diversified across three segments, servicing more than 10 end markets,' said Navios Maritime Partners CEO Angeliki Frangou.
'About one-third of our fleet will be in each of the dry bulk, containership, and tanker segment. This will result in a stronger, more resilient entity, mitigating sector-specific cyclicality,' said Ms Frangou.
The combined company will feature 55 bulkers, 43 containerships, and 45 tankers after all newbuildings have been delivered for US$4.2 billion and a combined market capitalisation of $822 million.
In January, Frangou announced that Navios Maritime Partners would merge with Navios Maritime Containers, and in July, they purchased two containerships and six ship newbuild contracts.
The merger is expected to close in the fourth quarter of 2021.