Navios Maritime Holdings Inc. Announces Sale of Navios Buena Ventura

PIRAEUS, GREECE, Jun 18, 2012

Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE: NM), a global, vertically integrated seaborne shipping and logistics company, announced today that it has sold the Navios Buena Ventura, a 2010-built Capesize vessel of 179,259 dwt, to Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM) for a $67.5 million cash consideration.

Navios Holdings has used $26.8 million out of the proceeds of the transaction for debt repayment. Navios Holdings intends to use the balance of the proceeds from the sale of the vessel for operating purposes.

About Navios Maritime Holdings Inc.
Navios Maritime Holdings Inc. (NYSE: NM) 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 about Navios Holdings please visit our website: www.navios.com.

Navios Maritime Holdings Inc. press release