Navios Maritime Holdings spin-offs have expanded their fleets with the addition of 16 vessels as the Greek shipowning group announced the liquidation of an affiliate.

The three separate deals will see Navios Maritime Partners take on 11 boxships and bulkers, while sister tanker arm Navios Maritime Acquisition will take on five product carriers.

Navios Partners, a New York-listed bulker and boxship owner in the Angeliki Frangou-led group, said it was owed $48.2m