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Navios Maritime Holdings

Logistics company

Field	Value
name	Navios Maritime Holdings Inc.
logo	[[File:Navios Maritime logo, Navios Maritime Holdings logo.png	300px]]
logo_caption	Navios' Logo
type	Public
traded_as
foundation
location	Piraeus, Greece
key_people	Angeliki Frangou (Chairman & CEO)
industry	Shipping
revenue	US$134.19 million (2017)
assets	US$2.629 billion (2017)
equity	US$516.09 million (2017)
owner
homepage

Bulk carrier ''Navios Happiness'' runs in the Port of Hamburg in March 2015

Navios Maritime Holdings Inc. (short name: Navios) is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

On December 14, 2023, it was announced that N Logistics Holdings Corp. completed the acquisition of the company.

Overview

Navios was created in 1954 by US Steel to transport iron ore to the US and Europe. Since then, it has diversified geographically and expanded the scope of its business activities such that Navios currently controls 49 vessels totaling approximately 5.1 million deadweight tons.

With several offices around the world, it is a public company listed on the New York Stock Exchange under the symbol “”.

History

Navios Maritime Holdings Inc. was founded in 1954 as a shipping division of US Steel. Its initial purpose was to transport iron ore to the US from various locations around the world. After the corporation's restructuring, the firm was privatized and started operating independently in the shipping market.

Over the years, it expanded its operations and established itself as a leading player in the global shipping industry. Navios Maritime maintains offices in Piraeus (Greece), New York City (United States), Montevideo (Uruguay), Antwerp (Belgium), Buenos Aires (Argentina) and Asunción (Paraguay).

As a total, Navios Group controls 99 vessels (owned and long term charted-in) and about 10.7 million deadweight tons (70 dry bulk vessels = 7.4 million dwt and 29 tanker vessels = 3.3 million dwt).

Subsidiaries

The Navios Group of companies includes:

Navios Maritime Partners, LP: listed on the NYSE under the symbol ‘’;
Navios Maritime Acquisition Corporation: listed on the NYSE under the symbol ‘’.
Navios South American Logistics Inc.: consists of a transshipment port/storage facility in Uruguay, an upriver port facility in Paraguay and a well-established barge and cabotage business for wet and dry products.

Footnotes

References

(2018-02-21). "Navios Maritime Holdings Inc. Q4 2017 Earnings Presentation". Navios Maritime Holdings Inc..
"Navios Maritime Holdings Inc. Announces Completion of Acquisition by N Logistics Holdings Corporation". GlobeNewswire.
"Navios Maritime Holdings Inc.".
(2002). "WWS/World Wide Shipping". World Wide Shipping Guide, Incorporated.
"Fleet of Vessels". Navios Maritime Holdings Inc..

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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