- CEO
- Angeliki N. Frangou
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- George Town Cayman Islands
- IPO Date
- Dec 14, 2004
- Business
- Navios Maritime Holdings, Inc. is a vertically integrated seaborne shipping, port infrastructure, and logistics company specializing in the transportation, storage, transshipment, and handling of international dry bulk, liquid, and mineral commodities. Founded in 1954 and headquartered in Piraeus, Greece, the company conducts primary operating activities through its subsidiary, Navios South American Logistics Inc., serving international grain merchants, agricultural producers, mining conglomerates, and energy corporations across South America and global export corridors, with regional operating facilities across Uruguay, Paraguay, Argentina, and Brazil, and corporate offices in Montevideo, Buenos Aires, Asuncion, and New York. The company offers comprehensive logistics and infrastructure solutions organized into three primary operating segments: Port Terminal Operations, which encompass the ownership and management of the Nueva Palmira Dry and Liquid Port Complex in Uruguay, featuring automated grain silos, iron ore and mineral transshipment docks, and liquid bulk storage tanks for biofuels and vegetable oils, alongside liquid storage and bunkering facilities in San Antonio, Paraguay; Barge Transportation Services, which deliver riverine carriage of agricultural commodities, iron ore, pelletized minerals, petroleum derivatives, and liquefied petroleum gas throughout the Hidrovia waterway system utilizing a fleet of push boats, dry bulk barges, and tank barges; and Cabotage Business, which provides coastal and inland river distribution of refined petroleum products and specialized chemicals along the South American eastern seaboard through a fleet of product tankers. In recent strategic developments, Navios Maritime Holdings completed a structural transformation by divesting its 36-vessel ocean-going dry bulk fleet to affiliate Navios Maritime Partners L.P. for approximately 835 million dollars in cash and assumed debt, refocusing its core operational profile on regional port infrastructure and South American waterway logistics. In December 2023, the company completed a take-private merger with N Logistics Holdings Corporation, an affiliated entity led by Chairwoman and Chief Executive Officer Angeliki Frangou, acquiring all outstanding common stock for 2.28 dollars per share in cash, which resulted in the company transitioning from a New York Stock Exchange listing to a privately held operating subsidiary with equity instruments trading over the counter under the symbol NMPGY, while continuing capital investment in expanded liquid bulk and terminal capacity at its flagship Nueva Palmira port facilities.