Navios Maritime Partners L.P. Increases Cash Distribution by 2.4% to $0.43 per Unit

PIRAEUS, GREECE - January 21, 2011 - Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM) announced today that its Board of Directors has declared a cash distribution of $0.43 per unit for the quarter ended December 31, 2010. This distribution represents a 2.4% increase over the prior quarter's distribution of $0.42 per unit and an annualized distribution of $1.72 per unit. The cash distribution will be payable on February 14, 2011 to unit holders of record as of February 9, 2011.

About Navios Maritime Partners L.P.
Navios Partners (NYSE:NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels. For more information, please visit our website at www.navios-mlp.com.

Navios Maritime Partners L.P.