Navios Maritime Acquisition says it has taken delivery of five tankers from a Navios Maritime Holdings spin-off that is being liquidated.

The company said in a statement to the US Securities & Exchange Commission that it spent $81.8m to buy the ships from Navios Europe I, a special purpose vehicle that Angeliki Frangou, chief executive of both Navios Maritime Partners and Navios Holdings, said last October would be dissolved by the end 2019.