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

PIRAEUS, Greece, Dec. 20, 2010 /PRNewswire via COMTEX/

Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE: NM), a global, vertically integrated seaborne shipping and logistics company, announced today that the Capesize vessel Navios Bonheur of 179,204 dwt was delivered from a South Korean shipyard to Navios Holdings' owned fleet on December 17, 2010. The vessel is chartered-out for 12 years at a net rate of $29,356 per day with 50/50 profit sharing above a BCI Time Charter Average of $37,500.

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.

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.

Navios Maritime Holdings Inc.