Logo for: Navios Maritime Holdings Inc.

History

Throughout its 60+ years of history, Navios has built a reputation for innovation in dry bulk cargo transportation. Today, Navios continues to innovate in maritime finance, mergers & acquisitions, and risk management.

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. 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. Navios also 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.