Profile: Navios Maritime Holdings Inc (NM)
19 Dec 2014
Navios Maritime Holdings Inc. (Navios Holdings), incorporated on November 19, 2002, is a global, vertically integrated seaborne shipping and logistics company which operates numerous businesses focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain. The Company operates in two segments: Drybulk Vessel Operations and Logistics Business. The Drybulk Vessel Operations business consists of the transportation and handling of bulk cargoes through the ownership, operation, and trading of vessels, freight, and forward freight agreements (FFAs). The Logistics Business segment consists of its port terminal business, barge business and cabotage business in the Hidrovia region of South America. Navios Holdings measures segment performance based on net income. On March 26, 2012, Navios Holdings took delivery of the Navios Serenity, which is a Handysize vessel of 34,690 deadweight tons. On March 30, 2012, Navios Holdings took delivery of the Navios Centaurus. On May 14, 2012, Navios Holdings took delivery of the Navios Avior, which is a 81,355 deadweight tons bulk carrier vessel.
As of December 31, 2012, Navios Holdings’ core fleet (excluding those of Navios Logistics), the average age of which is approximately 6.1 years, consists of a total of 50 vessels, aggregating approximately 5.1 million deadweight tons. Navios Holdings owns ten Capesize vessels (169,000-181,000 deadweight tons), 14 modern Ultra Handymax vessels (50,000-61,000 deadweight tons), five Panamax vessels (70,000-83,000 deadweight tons) and one Handysize vessel. Navios Partners’ fleet consists of six Ultra Handymax, one Handysize, six Panamax, and seven Capesize vessels. Navios Holdings controls a core fleet of 30 owned vessels and 20 chartered-in vessels (11 of which have purchase options). As of December 31, 2012, Navios Holdings executed purchase options comprising of six Ultra Handymax, six Panamax and one Capesize vessels.
Commercial management of Navios Holdings’ fleet involves identifying and negotiating charter party employment for the vessels. In addition to its internal commercial ship management capabilities, Navios Holdings uses the services of a related party, Acropolis Chartering & Shipping Inc., based in Piraeus, as well as numerous third-party charter brokers, to solicit, research, and propose charters for its vessels. The Company provides, through its subsidiaries, Navios ShipManagement Inc. and Navios Tankers Management Inc., technical ship management and maintenance services to its owned vessels and has also provided such services to Navios Partners’ and Navios Acquisition’s vessels under the terms of the management agreements between the parties.
The Company serves the storage and marine transportation needs of its customers through two port storage and transfer facilities, one for grain commodities and the other for refined petroleum products, and a diverse fleet consisting of vessels, barges and pushboats. It is focused on providing its customers integrated transportation, storage and related services through its port facilities. It is focused on two transportation markets in South America: the Hidrovia region river system, the navigable river system in the region and cabotage trades along the eastern coast of South America. The Company’s customers include affiliates of Archer Daniels Midland Company (ADM), Axion Energy (formerly known as Esso), Bunge, Cargill, Glencore, Louis Dreyfus, Petrobras, Petropar (the national oil company of Paraguay), Shell, Vale, Vitol and YPF. Navios Logistics owns and operates an up-river port terminal with tank storage for refined petroleum products, oil and gas in San Antonio, Paraguay. Navios Acquisition is an owner and operator of tanker vessels focusing in the transportation of petroleum products (clean and dirty) and bulk liquid chemicals.
Navios Holdings generally charters its vessels to trading houses (including commodities traders), producers and government- owned entities. Navios Holdings’ customers under charter parties, contracts of affreightments (COAs), and its counterparties under FFAs, include national, regional and international companies, such as Mitsui O.S.K. Lines Ltd., GIIC, Louis Dreyfus Commodities, Hanjin Shipping Corporation, Baosteel, COSCO Bulk Carriers Ltd., Mansel Ltd, C.Transport, STX Panocean Ltd. and Dampskibselskabet Norden.
Navios Maritime Holdings Inc
Office 11b2, 7 Avenue de Grande