While its origins can be traced back to the beginning of the 20th Century, Navios was incorporated in 1954 as a wholly-owned subsidiary of United States Steel to transport iron ore from Venezuela and Canada to the United States. Over the years, the company diversified both internationally and in the scope of its activities. Annual liftings have exceeded 30 million tonnes and as many as 80 vessels have been operated by the company at any one time. Navios has safely transported and handled approximately 915 million tonnes of bulk cargo in some of the most challenging areas of navigation. In 2005, Navios became a public entity. The company continues to successfully operate in the dry bulk maritime transport market.
Navios has a reputation for innovation in the transportation and logistics of dry bulk cargo movements. This is based on a history of successfully pioneering new and challenging trades throughout the world. The company was largely instrumental in opening the Orinoco River to navigation by large ocean-going vessels, and establishing offshore transshipment operations at the mouth of the river. It also played a critical role in opening the Gulf of St. Lawrence to winter navigation. More recently, Navios pioneered a lead and zinc transshipment operation off the coast of Alaska north of the Arctic Circle.
Today, Navios continues to innovate in all areas of its business. Sophisticated management expertise in freight, currency and fuel derivatives, mergers & acquisitions, structured and corporate finance, hedging and risk management, and physical and intangible asset management all contribute to Navios' preeminent position as a global maritime enterprise.