Pictured above: Navios Mercator; pictured at left (clockwise from upper left): Navios Arc, Navios Star, Navios Vector, Navios Magellan.

Select a vessel for details.

Vessel Name	Vessel Type	Year Built	Deadweight (in metric tons)	Charter-out Rate1	Exp Date2
Owned Vessels
Navios Ionian	Ultra Handymax	2000	52,067	11,970	4/7/2011
Navios Vector	Ultra Handymax	2002	50,296	9,975	10/17/2010
Navios Horizon	Ultra Handymax	2001	50,346	36,100	8/31/2011
Navios Herakles	Ultra Handymax	2001	52,061	21,850	4/28/2011
Navios Achilles	Ultra Handymax	2001	52,063	26,864 13,609	11/17/2013 12/17/2013
Navios Meridian	Ultra Handymax	2002	50,316	23,700	10/08/2012
Navios Mercator	Ultra Handymax	2002	53,553	22,800 31,350 31,350	8/1/2011 1/12/2014 2/20/2015
Navios Arc	Ultra Handymax	2003	53,514	10,450	2/26/2011
Navios Hios	Ultra Handymax	2003	55,180	20,425	11/4/2010
Navios Kypros	Ultra Handymax	2003	55,222	34,024 20,778	1/28/2011 1/28/2014
Navios Ulysses	Ultra Handymax	2007	55,728	31,281	10/12/2013
Navios Vega	Ultra Handymax	2009	58,792	12,350	2/18/2011
Navios Celestial	Ultra Handymax	2009	58,063	17,550	1/24/2012
Navios Magellan	Panamax	2000	74,333	22,800	3/26/2012
Navios Star	Panamax	2002	76,662	19,000	12/05/2010
Navios Orbiter	Panamax	2004	76,602	38,052	4/01/2014
Navios Asteriks	Panamax	2005	76,801
Navios Bonavis	Capesize	2009	180,022	47,400	06/29/2014
Navios Happiness	Capesize	2009	180,022	55,100	07/23/2014
Navios Lumen	Capesize	2009	180,661	37,500 39,830 39,330(3)	12/10/2011 12/10/2013 12/09/2017
Navios Antares	Capesize	2010	169,059	38,000 47,500(4)	1/19/2015 1/19/2018
Navios Stellar	Capesize	2009	169,001	35,874(5)	12/22/2016
Navios Phoenix	Capesize	2009	180,242	36,575	12/20/2010(6)

Vessel Name	Vessel Type	Delivery Date	Deadweight (in metric tons)	Charter-out Rate	Charter-out Term
Owned Vessels to be Delivered
Navios Fulvia	Capesize	9/2010	180,000	50,588	09/2015
Navios Melodia	Capesize	8/2010	180,000	29,356	08/2022
Navios Buena Ventura	Capesize	9/2010	180,000	29,356	09/2020
Navios Luz	Capesize	11/2010	180,000	29,356	11/2020
Navios Etoile	Capesize	11/2010	180,000	29,356	11/2020
Navios Bonheur	Capesize	12/2010	180,000	29,356	12/2022
Navios Altamira	Capesize	Q1/2011	180,000	24,674	Q1 2021
Navios Azimuth	Capesize	Q1/2011	180,000	27,431	Q1 2023

    ¹ Daily rate net of commissions.
    ² Estimated redelivery basis midpoint of full redelivery period.
    ³ Net daily charter rate = $37,500 for years 1 and 2, $39,830 for years 3 and 4, $39,330 for years 5,6,7 + option (Navios) year 8. Optional year included in the exhibit above. Profit sharing = 100% to Navios until the net daily rate of $44,850 and 50%/50% thereafter
    ⁴ Net daily charter rate = $38,000 until expiration of five-year charter; $47,500 net daily rate thereafter for three one year (Navios) options. Optional years included in the exhibit above. Profit sharing = 60% (Navios) / 40% (charterer) above $40,000 gross for years 1 & 2; 65% (Navios) / 35% (charterer) for years 3,4 and 5 above $40,000 gross & 50%/50% above $50,000 gross for the three one year (Navios) options
    ⁵ Amount represents daily rate of insurance proceeds following the default of the original charterer
    ⁶ Subject also to COA of $45,500 for the remaining period until Q1 2015

Vessel Name	Vessel Type	Year Built	Deadweight (in metric tons)	Purchase Option 4	Charter-out Rate 1, 6	Exp Date 2
Long-term Chartered-in Fleet in Operation
Navios Astra	Ultra Handymax	2006	53,468	Yes	14,012	10/15/2010
Navios Primavera	Ultra Handymax	2007	53,464	Yes	22,138	5/27/2011
Navios Armonia	Ultra Handymax	2008	55,100	No	23,700	6/7/2013
Navios Cielo	Panamax	2003	75,834	No	14,013	9/10/2010
Navios Orion	Panamax	2005	76,602	No	49,400	12/14/2012
Navios Titan	Panamax	2005	82,936	No	27,100	11/24/2010
Navios Altair	Panamax	2006	83,001	No	19,238	11/23/2011
Navios Esperanza	Panamax	2007	75,200	No	14,513	2/19/2013
Torm Antwerp	Panamax	2008	75,250	No		01/2011
Golden Heiwa	Panamax	2007	76,662	No		03/2017
Beaufiks	Capesize	2004	180,181	Yes		06/2017
Phoenix Beauty	Capesize	2010	169,150	No		12/2012
Rubena N	Capesize	2006	203,233	No		01/2018
Formosabulk Brave	Capesize	2001	170,000	No		12/2011
King Ore	Capesize	2010	176,800	No		05/2020
SC Lotta	Capesize	2009	170,500	No		03/2014

Vessel Name	Vessel Type	Delivery Date	Deadweight (in metric tons)	Purchase Option 4
Long-term Chartered-in Fleet to be Delivered
Navios TBN	Handysize	5/2011	34,718	Yes 5
Navios TBN	Handysize	9/2012	34,718	Yes 5
Navios TBN	Ultra Handymax	2/2012	61,000	Yes
Navios TBN	Ultra Handymax	7/2013	61,000	Yes
Navios TBN	Panamax	9/2011	80,000	Yes
Navios TBN	Panamax	1/2013	82,100	Yes
Navios TBN	Panamax	7/2013	80,500	Yes 5
Navios TBN	Panamax	9/2013	80,500	Yes 5
Navios TBN	Panamax	11/2013	80,500	Yes 5
Kleimar TBN	Capesize	7/2025	180,000	Yes
Navios TBN	Capesize	9/2011	180,200	Yes
Navios TBN	Capesize	6/2013	180,000	Yes

    ¹ Daily rate net of commissions.
    ² Assumed midpoint of redelivery by charterers.
    ³ Charterer has right to extend period at similar day rate.
    ⁴ Generally, Navios Holdings may exercise its purchase option after three to five years of service.
    ⁵ The initial 50% purchase option on each vessel is held by Navios Holdings.
    ⁶ Assumes vessels redeliver to owners post expiration of extension period.