Greece: Navios Maritime Holdings Sells Navios Buena Ventura

Navios Maritime Holdings Inc., a global, vertically integrated seaborne shipping and logistics company, announced yesterday that it has sold the Navios Buena Ventura, a 2010-built Capesize vessel of 179,259 dwt, to Navios Maritime Partners L.P. 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.

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.

[mappress]

Source: Navios, June 19, 2012