Navios Maritime Holdings Inc. Announces Delivery of Two Panamax Vessels

Monaco - 1 October 2013

Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE: NM), 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.

Fleet Update
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.

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