Navios Holdings Adds Two Panamax Vessels to Its Fleet

Navios Maritime Holdings Inc., a global, vertically integrated seaborne shipping and logistics company, announced today that two Panamax vessels were delivered to Navios Holdings’ owned fleet.

The Navios Taurus a 2005-built Panamax vessel of 76,596 dwt was delivered to Navios Holdings’ owned fleet on September 17, 2013. The vessel is chartered-out for approximately six months at a rate of $9,263 net per day.

The Navios Northern Star a 2005-built Panamax vessel of 75,395 dwt was delivered to Navios Holdings’ owned fleet on September 19, 2013. The vessel is chartered-out for approximately seven months at a rate of $11,400 net per day.

Following the delivery of the Navios Taurus and the Navios Northern Star, Navios Holdings has 52 vessels in the water.

Navios Holdings has contracted 92.7% and 25.1% of its available days on a charter-out basis for 2013 and 2014, respectively.

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Navios Holdings, October 1, 2013