PIRAEUS, GREECE, Feb 01, 2011 (MARKETWIRE via COMTEX) --
Navios Maritime Holdings, Inc. ("Navios Holdings") (NYSE: NM), a
global, vertically integrated seaborne shipping and logistics
company, announced today that the Capesize vessel Navios Altamira of
179,165 dwt was delivered from a South Korean shipyard to Navios
Holdings' owned fleet on January 28, 2011. The vessel is
chartered-out for 10 years at a net rate of $24,674 per day.
About Navios Maritime Holdings, Inc.
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. For more information
please visit our website: www.navios.com.
This press release contains
forward-looking statements (as defined in Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended) concerning future events and Navios
Holdings' growth strategy and measures to implement such strategy;
including expected vessel acquisitions and entering into further time
charters. Words such as "expects," "intends," "plans," "believes,"
"anticipates," "hopes," "estimates," and variations of such words and
similar expressions are intended to identify forward-looking
statements. Such statements include statements related to the Offer,
including the Expiration Time and possible completion of the Offer
and the redemption of 2014 Notes, as well as comments regarding
expected revenues and time charters. Although Navios Holdings
believes that the expectations reflected in such forward-looking
statements are reasonable, no assurance can be given that such
expectations will prove to have been correct. These statements
involve known and unknown risks and are based upon a number of
assumptions and estimates which are inherently subject to significant
uncertainties and contingencies, many of which are beyond the control
of Navios Holdings. Actual results may differ materially from those
expressed or implied by such forward-looking statements. Factors that
could cause actual results to differ materially include, but are not
limited to changes in the demand for drybulk vessels, competitive
factors in the market in which Navios Holdings operates; risks
associated with operations outside the United States; and other
factors listed from time to time in Navios Holdings' filings with the
Securities and Exchange Commission. Navios expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in Navios Holdings' expectations with respect
thereto or any change in events, conditions or circumstances on which
any statement is based.
SOURCE: Navios Maritime Holdings, Inc.