Navios Maritime Holdings Inc. Announces Delivery of Capesize New Building Vessel

PIRAEUS, Greece, Nov. 30 /PRNewswire-FirstCall/ -- Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE: NM), a global, vertically integrated seaborne shipping and logistics company, announced today that a South Korean shipyard delivered to Navios Holdings the newly built Navios Aurora II, a Capesize vessel of 169,031 dwt. As previously announced the vessel is chartered-out for ten years at a net charter-out rate of $41,325 per day.

Time Charter Coverage

As of November 30, 2009, Navios Holdings had contracted 99.5%, 86.1%, 63.4% and 56.6% of its available days on a charter-out basis for 2009, 2010, 2011 and 2012, respectively. Navios Holdings has extended its long-term fleet employment by entering into agreements to charter-out vessels for periods ranging from one to 12 years.

About Navios Maritime Holdings Inc.

Navios Maritime Holdings Inc. is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain. For more information please visit our website: www.navios.com.

Navios Holdings may, from time to time, be required to offer certain owned Capesize and Panamax vessels to Navios Maritime Partners L.P. for purchase at fair market value according to the terms of the Omnibus Agreement. For more information please visit its website: www.navios.com.

Navios Maritime Holdings Inc.