NAVIOS MARITIME PARTNERS L.P. INCREASES CASH DISTRIBUTION BY 10% TO $0.385 PER UNIT AND ANNOUNCES THE DATE FOR THIRD QUARTER 2008 RESULTS, CONFERENCE CALL AND WEBCAST


Earnings Announcement: Wednesday, October 22, 2008, after 4.00 pm EDT
Conference Call and Webcast: Thursday, October 23, 2008, at 8:30 am EDT

PIRAEUS, GREECE - October 21, 2008 - Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM), an owner and operator of Capesize and Panamax vessels, announced today that its Board of Directors has declared increased cash distribution of $0.385 per unit for the third quarter ended September 30, 2008. This distribution represents a 10% increase over the prior quarter's distribution of $0.35 per unit. The cash distribution will be payable on November 7, 2008 to unit holders of record as of October 31, 2008.

Navios Partners will announce earnings for the third quarter ended September 30, 2008 after 4.00 pm EDT, Wednesday, October 22, 2008.

Navios Partners will also host a conference call the day after, Thursday, October 23, 2008 at 8:30 am EDT, during which Navios Partners' senior management will discuss the results of the third quarter ended September 30, 2008.

Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time using the following numbers:

US Toll Free Dial In: 1866 819 7111
UK Toll Free Dial In: 0800 953 0329
International Dial In: +44 (0) 1452 542 301
Please quote "NAVIOS MLP".

A telephonic replay of the conference call will be available until October 30, 2008 by dialing the following numbers:
US Toll Free Dial In: 1866 247 4222
UK Toll Free Dial In: 0800 953 1533
International Dial In: +44 1452 550 000
Access Code: 33433537#

Slides and audio webcast:
There will also be a live, and then archived webcast of the conference call, through the Navios Partners' website (www.navios-mlp.com) under "Investors". Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

A supplemental slide presentation will be available on the Navios Partners' website at www.navios-mlp.com under the "Investors" section at 7:45 A.M. EDT on the day of the call.

About Navios Maritime Partners L.P.
Navios Partners (NYSE: NMM), a publicly traded master limited partnership formed by Navios Maritime Holdings Inc (NYSE: NM), is an owner and operator of Capesize and Panamax vessels. For more information, please visit our website at www.navios-mlp.com.

ABOUT NAVIOS MARITIME PARTNERS L.P.

Navios Maritime Partners L.P. (NYSE: NMM), an owner and operator of Capesize and Panamax vessels, was formed by Navios Maritime Holdings Inc., a large, global, vertically integrated seaborne shipping and logistics company, with over 50 years of operating history in the drybulk shipping industry.

Navios Maritime Partners L.P. (NYSE: NMM), a publicly traded master limited partnership formed by Navios Maritime Holdings Inc (NYSE: NM) is an owner and operator of Capesize and Panamax vessels. Navios Partners currently operates a fleet of drybulk carriers. For more information, please visit our website at www.navios-mlp.com.