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[QUOTE]Originally posted by invester: [QB] Company Background 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. During the year ended December 31, 2007, Navios Holdings’ core fleet (excluding Horamar), the average age of which is approximately 4.3 years, consisted of a total of 62 vessels, aggregating approximately six million deadweight tons (dwt). Navios Holdings owns 10 modern Ultra Handymax (50,000-55,000 dwt), five Panamax (70,000-83,000 dwt), one Capesize (over 100,000 dwt) and one Handysize (10,000-30,000 dwt) Product tanker vessels. It also time charters in and operates a fleet of five Ultra-Handymax, five Handysize, 11 Panamax, seven Kamsarmax and nine Capesize vessels under long-term time charters, 17 of which are in operation, with the remaining 20 scheduled for delivery on various dates up to January 2013. [/QB][/QUOTE]
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