Greece: Navios Holdings Receives Newbuild Kamsarmax Vessel

Navios Maritime Holdings Inc. (“Navios Holdings”), a large, global, vertically integrated seaborne shipping and logistics company, announced that the Navios Avior, a new building Kamsarmax vessel of 81,355 dwt, was delivered yesterday from a South Korean shipyard to Navios Holdings’ owned fleet.

The vessel is chartered-out for 2 years at a net rate of $12,716 per day. It is anticipated that the Navios Avior will generate annual EBITDA of $3.0 million and aggregate EBITDA of $6.0 million over the life of the charter contract.

About Navios Maritime Holdings Inc. Navios Maritime Holdings Inc. is focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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Source: Navios Holdings, May 15, 2012;