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Navios Lumen is delivered

Navios Lumen is delivered
Navios Maritime Holdings Inc. announced yesterday that the Navios Lumen, a new building Capesize vessel of 180,660 dwt was delivered from a South Korean shipyard.

Navios Maritime Holdings Inc. announced yesterday that the Navios Lumen, a new building Capesize vessel of 180,660 dwt was delivered from a South Korean shipyard.

Navios Maritime Holdings Inc., a global, vertically integrated seaborne shipping and logistics company, announced yesterday that the Navios Lumen, a new building Capesize vessel of 180,660 dwt was delivered from a South Korean shipyard on December 10, 2009. The purchase was partly financed by the proceeds of the recent 8 7/8% First Priority Ship Mortgage Notes with the amount of $52.5 million.

Time Charter Coverage

As of December 15, 2009, Navios Holdings had contracted 99.5%, 86.1%, 63.4% and 56.6% of its available days on a charter-out basis for 2009, 2010, 2011 and 2012, respectively. Navios Holdings has extended its long-term fleet employment by entering into agreements to charter-out vessels for periods ranging from one to 12 years.

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.

www.TurkishMaritime.com.tr

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