Navios Maritime Partners L.P. announces
public offering of 3,500,000 common units

Piraeus, Greece, May 4, 2009 - Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM) announced today that it plans to offer 3,500,000 common units representing limited partnership interests in a public offering. Navios Partners expects to grant the underwriters a 30-day option to purchase an additional 525,000 common units to cover over-allotments, if any. Navios Partners expects to use the net proceeds from the public offering to fund its fleet expansion and/or for general partnership purposes.

Navios Maritime Partners L.P. is an international owner and operator of Capesize and Panamax vessels formed by Navios Maritime Holdings Inc., a vertically integrated seaborne shipping and logistics company with over 50 years of operating history in the dry bulk shipping industry.

Navios Partners' common units trade on the New York Stock Exchange under the symbol "NMM".

The joint book running managers for this offering are Citi, J.P.Morgan and Merrill Lynch & Co. and the co-managers are S. Goldman Advisors LLC and DVB Capital Markets.

When available, copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained from: Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (tel: 718-765-6732); J.P.Morgan, Attention: Prospectus Department, J.P. Morgan Securities Inc., 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11425, Attention: Prospectus Library, (tel: 718-242-8002); Merrill Lynch & Co., c/o Merrill Lynch & Co., Prospectus Department, 4 World Financial Center, New York, New York 10080, (tel: 212-449-1000).

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This offering may be made only by means of a prospectus supplement and accompanying base prospectus.

ABOUT NAVIOS MARITIME PARTNERS L.P.

Navios Maritime Partners L.P. (NYSE: NMM), a publicly traded master limited partnership formed by Navios Maritime Holdings Inc (NYSE: NM) is an owner and operator of Capesize and Panamax vessels. For more information, please visit our website at www.navios-mlp.com