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SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 DATED: SEPTEMBER 5, 2006 Commission File No. 000-51047 NAVIOS MARITIME HOLDINGS INC. 85 AKTI MIAOULI, PIRAEUS, GREECE 185 38 (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F: Form 20-F X Form 40-F ------- ------- Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes No X ------ ------ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes No X ------ ------ Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes No X ------ ------ NAVIOS MARITIME HOLDINGS INC. FORM 6-K TABLE OF CONTENTS Page ---- Four Favorable Long-Term Time Charters 1 Appointment of Senior Vice President and Head Market Risk Management 1 One Favorable Long-Term Time Charter 1 SECURING FOUR (4) FAVORABLE LONG-TERM TIME CHARTERS; APPOINTING SENIOR VICE PRESIDENT AND LEADER OF RISK MANAGEMENT GROUP; SECURING ONE (1) FAVORABLE LONG-TERM TIME CHARTER On September 5, 2006, Navios issued a press release announcing the securing of favorable time charter contracts for four (4) of its vessels. A copy of the press release is furnished as Exhibit 99.1 to this Report and is incorporated herein by reference. On September 12, 2006, Navios issued a press release announcing that Ms. Lori Chan joined Navios as Senior Vice President and Head Market risk Management. A copy of the press release is furnished as Exhibit 99.2 to this Report and is incorporated herein by reference. On September 25, 2006, Navios issued a press release announcing the securing of a favorable time charter for one (1) of its vessels. A copy of the press release is furnished as Exhibit 99.3 to this Report and is incorporated herein by reference. This Report on Form 6-K is hereby incorporated by reference into the Navios Registration Statement on Form F-3, File No. 333-133482. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. NAVIOS MARITIME HOLDINGS INC. By: /s/ Angeliki Frangou --------------------------- Angeliki Frangou Chief Executive Officer Date: September 25, 2006 EXHIBIT INDEX EXHIBIT NO. EXHIBIT ----------- ------- 99.1 Press Release dated September 5, 2006. 99.2 Press Release dated September 12, 2006. 99.3 Press Release dated September 25, 2006.
PRESS RELEASE - ------------- FINAL RELEASE Navios Maritime Holdings Inc. ----------------------------- Announces Four (4) Favorable ---------------------------- Long-Term Time Charters ----------------------- - Strong Rate Environment Leads To New Charter Contracts - PIRAEUS, GREECE, September 5, 2006 - Navios Maritime Holdings Inc. ("Navios") (NASDAQ: BULK, BULKU, BULKW), a vertically integrated global shipping company specializing in the dry-bulk shipping industry, announced today that it has secured favorable time charter contracts for four (4) of its vessels. As a result, Navios has extended the coverage of its Long Term Fleet to 98.4% for 2006 and 59.2% for 2007. The time charters encompass two vessels for two years and two vessels for three year at daily rates creating approximately $59.8 million of EBITDA over the charter periods. The details of these vessels and the related charters are set forth below. - -------------------- ------------- ------- ---------- --------------- -------------- ------------------- VESSELS TYPE BUILT DWT CHARTER PERIOD (2) CHARTER OUT REVENUE DAILY EFFECTIVE DATE RATE (1) - -------------------- ------------- ------- ---------- --------------- -------------- ------------------- Navios Altair Panamax 2006 82,300 22,715 3 years 09/20/2009 - -------------------- ------------- ------- ---------- --------------- -------------- ------------------- Navios Achilles Ultra 2001 52,063 21,613 2 years 01/15/2009 Handymax - -------------------- ------------- ------- ---------- --------------- -------------- ------------------- Navios Star Panamax 2002 76,662 21,375 3 years 01/21/2010 - -------------------- ------------- ------- ---------- --------------- -------------- ------------------- Navios Libra II Panamax 1995 70,136 21,613 2 years 09/14/2008 - -------------------- ------------- ------- ---------- --------------- -------------- ------------------- (1) Time Charter Revenue Rate per day net of commissions. (2) Charter agreements includes a redelivery time range of 2 to 3 months "We are very pleased to execute on our strategy of leveraging the strong rate environment to secure favorable cash flow," said Ms. Angeliki Frangou, Chairman and CEO of Navios. "In light of the recent momentum of the market, we feel that long-term contracts are beneficial, and, during the past month, we have secured 8 long-term charters to quality charterers for favorable rates." ABOUT NAVIOS MARITIME HOLDINGS INC. Navios is a vertically integrated global seaborne shipping company, specializing in the worldwide carriage, trading, storing, and other related logistics of international dry bulk cargo transportation. For over 50 years, Navios has worked with raw materials producers, agricultural traders and exporters, industrial end-users, ship owners, and charterers. Navios also owns and operates a port/storage facility in Uruguay and has in-house technical ship management expertise. Navios maintains offices in Piraeus, Greece, South Norwalk, Connecticut and Montevideo, Uruguay. Navios's stock is listed on the NASDAQ's National Market System where its Common Shares, Units and Warrants trade under the symbols "BULK", "BULKU", "BULKW." Risks and uncertainties are described in reports filed by Navios Maritime Holdings Inc. with the United States Securities and Exchange Commission. SAFE HARBOR This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Maritime Holdings Inc. (Navios). Forward looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Navios's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The information set forth herein should be read in light of such risks. Navios does not assume any obligation to update the information contained in this press release. PUBLIC & INVESTOR RELATIONS CONTACT: Navios Maritime Holdings Inc. Investor Relations 212-279-8820 investors@navios.com - -------------------- # # #
FOR IMMEDIATE RELEASE - --------------------- NAVIOS MARITIME HOLDINGS INC. APPOINTS LORI CHAN AS SENIOR VICE PRESIDENT AND LEADER OF RISK MANAGEMENT GROUP PIRAEUS, GREECE, September 12, 2006 - Navios Maritime Holdings Inc. ("Navios") (NASDAQ: BULK, BULKU, BULKW), a vertically integrated global shipping company specializing in the dry-bulk shipping industry, announced today that Ms. Lori Chan has joined the company as Senior Vice President and Head Market Risk Management. Chan joins Navios from the Hess Corporation, where she was Vice President of Energy Risk Management and corporate officer. Ms. Chan was employed at Hess for 25 years. At Hess Corporation, Ms. Chan was responsible for financial energy hedging and trading. She played a key, leadership role in developing and expanding capabilities in listed futures and options, OTC derivatives, hedging and trading, and risk management functions. "Lori's depth of experience as a Risk Management professional and corporate officer will add significant value to our team," said Ms. Angeliki Frangou, CEO and Chairman of Navios. "We look forward to Lori's leadership and development of our risk management group." Chan holds a Bachelor of Science degree in Finance and Management from New York University, is a member of Beta Gamma Sigma, the National Honor Society in Business and Management, and holds an MBA from New York University's, Leonard N. Stern School of Business. ABOUT NAVIOS MARITIME HOLDINGS INC. Navios is a vertically integrated global seaborne shipping company, specializing in the worldwide carriage, trading, storing, and other related logistics of international dry bulk cargo transportation. For over 50 years, Navios has worked with raw materials producers, agricultural traders and exporters, industrial end-users, ship owners, and charterers. Navios also owns and operates a port/storage facility in Uruguay and has in-house technical ship management expertise. Navios maintains offices in Piraeus, Greece, South Norwalk, Connecticut and Montevideo, Uruguay. Navios's stock is listed on the NASDAQ's National Market System where its Common Shares, Units and Warrants trade under the symbols "BULK", "BULKU", "BULKW." Risks and uncertainties are described in reports filed by Navios Maritime Holdings Inc. with the United States Securities and Exchange Commission. SAFE HARBOR This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Maritime Holdings Inc. (Navios). Forward looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Navios's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The information set forth herein should be read in light of such risks. Navios does not assume any obligation to update the information contained in this press release. PUBLIC & INVESTOR RELATIONS CONTACT: Navios Maritime Holdings Inc. Investor Relations 212-279-8820 investors@navios.com - -------------------- # # #
PRESS RELEASE - -------------- FINAL RELEASE -FOR IMMEDIATE DISTRIBUTION Navios Maritime Holdings Inc. Announces Favorable ------------------------------------------------- Long-Term Time Charter ---------------------- - Company Sees Beneficial New Charter Contracts From Strong Rate Environment - PIRAEUS, GREECE, September 25, 2006 - Navios Maritime Holdings Inc. ("Navios") (NASDAQ: BULK, BULKU, BULKW), a vertically integrated global shipping company specializing in the dry-bulk shipping industry, announced today that it has secured a favorable time charter contract for one of its vessels. As a result, Navios has extended the coverage of its Long Term Fleet to 98.9% for 2006, 62.7% for 2007 and 28.2% for 2008. The time charter is for the Navios Hios, which has been fixed for two years at daily rates creating approximately $14.0 million of EBITDA over the charter period. The details of this vessel and the related charter is set forth below. - -------------------- ---------------- ---------- ---------- ------------- -------------- -------------------------- VESSEL TYPE BUILT DWT CHARTER PERIOD (2) CHARTER OUT REVENUE EFFECTIVE DATE DAILY RATE (1) - -------------------- ---------------- ---------- ---------- ------------- -------------- -------------------------- Navios Hios Handymax 2003 55,180 $24,035 2 years 11/15/2006 - -------------------- ---------------- ---------- ---------- ------------- -------------- -------------------------- (1) Time Charter Revenue Rate per day net of commissions. (2) Charter agreements includes a redelivery time range of 2 to 3 months In addition, as previously announced, the Company exercised the purchase option on the Navios Star, a 76,662 dwt panamax built in 2002 in Imabari, Japan. The Navios Star has a purchase price of approximately $19.5 million and a current market value estimated at $44.5 million. The Company expects to take delivery in early December 2006. ABOUT NAVIOS MARITIME HOLDINGS INC. Navios is a vertically integrated global seaborne shipping company, specializing in the worldwide carriage, trading, storing, and other related logistics of international dry bulk cargo transportation. For over 50 years, Navios has worked with raw materials producers, agricultural traders and exporters, industrial end-users, ship owners, and charterers. Navios also owns and operates a port/storage facility in Uruguay and has in-house technical ship management expertise. Navios maintains offices in Piraeus, Greece, South Norwalk, Connecticut and Montevideo, Uruguay. Navios's stock is listed on the NASDAQ's National Market System where its Common Shares, Units and Warrants trade under the symbols "BULK", "BULKU", "BULKW." Risks and uncertainties are described in reports filed by Navios Maritime Holdings Inc. with the United States Securities and Exchange Commission. SAFE HARBOR This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Maritime Holdings Inc. (Navios). Forward looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Navios's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The information set forth herein should be read in light of such risks. Navios does not assume any obligation to update the information contained in this press release. PUBLIC & INVESTOR RELATIONS CONTACT: Navios Maritime Holdings Inc. Investor Relations 212-279-8820 investors@navios.com - -------------------- # # #