New York-listed Navios Maritime Partners' acquisition of affiliate Navios Maritime Containers has gone exactly to plan.

The boxship company's shares ceased to trade on New York's Nasdaq at market close on Wednesday as the surviving company issued more than 8.3m new common shares in exchange for its stock.

The trade resulted in holders receiving 0.39 shares of New York Stock Exchange-listed Navios Maritime Partners for each share of the boxship unit.

"We are pleased to close this transformative transaction which provides Navios Partners with significant benefits of diversification. The transaction builds scale through a larger, diversified asset base with an increased earnings capacity," said Navios chief executive Angeliki Frangou.

With the merger, Navios Maritime Partners' combined fleet of 85 bulkers and boxships will be one of the 10 largest publicly listed dry cargo fleets.

"The enlarged entity will benefit from a simplified capital and organisational structure thereby eliminating duplicative costs. The entity will have an enhanced credit profile through increased cash flow supporting deleveraging as well as growth," Frangou said.

Based on Wednesday's $23.56 closing price of Navios Maritime Partners, the exchange ratio would provide Navios Maritime Containers holders with consideration of $9.19 per share, a premium of 325% to the boxship unit's closing price on 14 November, the last day before the deal was announced.

However, Navios Maritime Containers last trade on Wednesday was at $9.23, a slight premium to the acquisition price.

Navios Maritime Partners closed Thursday at $23.52 per share, down $0.04 on the day.