UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Notice of Effectiveness
Effectiveness Date:	July 5, 2007 4:00 P.M.

Form:	F-4
CIK: 0001333172 Company Name: Navios Maritime Holdings Inc. File Number: 333-144027
CIK: 0001404375 Company Name: Alegria Shipping CORP File Number: 333-144027-29
CIK: 0001404366 Company Name: Arc Shipping CORP File Number: 333-144027-28
CIK: 0001404363 Company Name: Felicity Shipping CORP File Number: 333-144027-27
CIK: 0001404361 Company Name: Galaxy Shipping CORP File Number: 333-144027-26
CIK: 0001404358 Company Name: Gemini Shipping CORP File Number: 333-144027-25
CIK: 0001404357 Company Name: Hestia Shipping Ltd. File Number: 333-144027-24
CIK: 0001404355 Company Name: Hios Shipping CORP File Number: 333-144027-23
CIK: 0001404350 Company Name: Horizon Shipping Enterprises CORP File Number: 333-144027-22
CIK: 0001404372 Company Name: Mercator Shipping CORP File Number: 333-144027-21
CIK: 0001404368 Company Name: Meridian Shipping Enterprises Inc. File Number: 333-144027-20
CIK: 0001404365 Company Name: NAV Holdings LTD File Number: 333-144027-19
CIK: 0001404362 Company Name: Navimax CORP File Number: 333-144027-18
CIK: 0001404397 Company Name: Achilles Shipping CORP File Number: 333-144027-17
CIK: 0001404396 Company Name: Aegean Shipping CORP File Number: 333-144027-16
CIK: 0001404395 Company Name: Navios CORP File Number: 333-144027-15
CIK: 0001404394 Company Name: Navios Handybulk Inc. File Number: 333-144027-14
CIK: 0001404393 Company Name: Hyperion Enterprises Inc. File Number: 333-144027-13
CIK: 0001404392 Company Name: Ionian Shipping CORP File Number: 333-144027-12
CIK: 0001404391 Company Name: Navios International Inc. File Number: 333-144027-11
CIK: 0001404390 Company Name: Navios ShipManagement Inc. File Number: 333-144027-10
CIK: 0001404389 Company Name: Star Maritime Enterprises CORP File Number: 333-144027-09
CIK: 0001404388 Company Name: White Narcissus Marine S.A. File Number: 333-144027-08
CIK: 0001404387 Company Name: Kleimar N.V. File Number: 333-144027-07
CIK: 0001404386 Company Name: Apollon Shipping CORP File Number: 333-144027-06
CIK: 0001404398 Company Name: Anemos Maritime Holdings Inc. File Number: 333-144027-05
CIK: 0001404492 Company Name: Herakles Shipping CORP File Number: 333-144027-04
CIK: 0001404494 Company Name: Magellan Shipping CORP File Number: 333-144027-03
CIK: 0001404496 Company Name: Libra Shipping Enterprises CORP File Number: 333-144027-02
CIK: 0001404497 Company Name: Kypros Shipping CORP File Number: 333-144027-01