Navios Maritime Holdings facts for kids
| Public | |
| Traded as | NYSE: NM |
| Industry | Shipping |
| Founded | 1992 |
| Headquarters | Piraeus, Greece |
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Key people
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Angeliki Frangou (Chairman & CEO) |
| Revenue | US$134.19 million (2017) |
| Total assets | US$2.629 billion (2017) |
| Total equity | US$516.09 million (2017) |
| Owner |
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| Traded as | NYSE: NMM |
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Navios Maritime Holdings Inc. (often called Navios) is a big company that helps move important things around the world by sea. They use ships to transport goods like iron ore (used to make steel), coal, and grain (like wheat or corn). They also help store and move these goods at ports.
On December 14, 2023, another company called N Logistics Holdings Corp. bought Navios Maritime Holdings Inc.
Navios was first created in 1954 by a company called US Steel. Its main job then was to carry iron ore to the United States and Europe. Since then, Navios has grown a lot and now works in many different places around the world.
Today, Navios controls 49 ships that can carry about 5.1 million tons of cargo. The company has offices in several countries and is listed on the New York Stock Exchange. This means you can buy shares of the company, making it a "public company."
Navios Maritime Holdings Inc. started in 1954 as part of US Steel. Its first goal was to bring iron ore from different parts of the world to the US. Later, the company changed, and Navios became its own independent business in the shipping world.
Over the years, Navios grew its operations and became a major player in moving goods across the oceans. Navios Maritime has offices in places like Piraeus (Greece), New York City (USA), Montevideo (Uruguay), Antwerp (Belgium), Buenos Aires (Argentina), and Asuncion (Paraguay).
Overall, the Navios Group controls 99 ships. These include 70 ships for dry goods (like ore and grain) and 29 tanker ships for liquids. In total, these ships can carry about 10.7 million tons of cargo.
The Navios Group includes several other companies that work together:
- Navios Maritime Partners, LP: This company is also listed on the New York Stock Exchange.
- Navios Maritime Acquisition Corporation: This company was also listed on the New York Stock Exchange.
- Navios South American Logistics Inc.: This part of Navios has a special port and storage area in Uruguay. It also has a port further up a river in Paraguay. Plus, it runs a business that uses barges and small ships to move both liquid and dry products.
