Major Greek owner Angeliki Frangou has rejected criticism about her newly consolidated Navios being a hotch-potch of assets and defended its diversified nature as the way forward.

Stifel analyst Ben Nolan used the word "conglomerate" to describe bulker and containership outfit Navios Maritime Partners, which became the largest US-listed company by vessel count earlier this month after gobbling up affiliated tanker player Navios Maritime Acquisition.

However, Frangou said that label was off the mark when interviewed by Clarksons Platou analyst Omar Nokta in Athens.